A sound contract management system requires executing standard best practices at all levels of an organization and making sure that the contract management process is complied with. Enterprise contract management software allows companies to improve business outcomes through automated contract management processes. The right platform can reduce risk, speed up business and optimize results. Good contract management transforms core operations ...

Given your busy calendar, it may be difficult to keep tabs on your company’s contracts, however, not properly managing your contracts, can result in serious legal, reputational and financial risks. According to World Commerce and Contracting, inadequate contact management costs organizations 9% of their bottom line and can waste significant amount of time as well. Not paying attention to contract ...

The ongoing coronavirus pandemic has brought the world to a virtual halt like nothing else could. The economy as a whole spiralled downwards since the virus started spreading at a rapid speed. This massive paradigm shift caused by the outbreak has complicated the management of contracts since the majority of the working population is working from home. It has become ...

As businesses are going through the biggest pandemic Covid19 of the century, CFOs are becoming the most important asset in the company to support resilience and relevance. The challenges CFOs are facing including managing cash flows, fixed costs, price discount requests coming from customers and delivery challenges from vendors. All these issues require the active participation of CFO to protect ...

People in former times used to make deals that were way different than the current era. People went by the value of one’s word and have verbal agreements, which were to be honored for a time or until the end of their lives. One of the reasons for businessmen and entrepreneurs of the previous era adopting the word-value was the ...

Cost saving has always been top of every CXO mind and technology is the biggest contributor to businesses to reduce unit cost and improve profitability. Corporate would have never imagined a few years ago that there is something called Virtual Meetings that exists for them where they can make business decisions without going to the office. It isn’t making our ...

It’s 2020, There is a global crisis due to unforeseen circumstances. The First quarter of 2020 saw the outbreak of coronavirus which started from Wuhan, China and later spread into the entire world and has now become a threat to mankind. Not only the health of people affected but the economy is also an all-time low. Under such a scenario ...

Novel Coronavirus (#convid19) bringing unprecedented challenges and requiring every organization to evolve and bring-in 360-degree changes to remain in business and ensure there is a limited impact on life, business and no community spread. By now it is quite clear that the #Convid19 is going to stay for years and it may take a few months to have an adequate ...

At Volody, we build products as per the specific needs of customers and work with constantly evolving products to make manual processes automated smartly. As per a survey done by Volody with more than 120 companies, it was found that on average contract drafting, negotiation and execution take almost takes 2 months and increase sales cycle significantly resulting in revenue ...

Businesses are going through significant transformative effects of advanced technology, the legal community also has had a predictable action-packed 2019 – seeing developments in processes, regulation, and collaboration right away results of new business technologies. Similar to businesses of any nature and professionals across sectors, general counsels & lawyers have had to adapt so as to survive in their new ...