(PRWEB) March 14, 2013
In a recent interview with the Metropolitan Corporate Counsel (MCC), Business Integrity, Inc.’s CTO, Andy Wishart, reviewed how contract management solutions like ContractExpress can solve major organizational challenges such as legal department delays, inefficient contract review processes, and poor management of executed contracts.
Contract Management is an emerging market where many customers are first-time buyers. One of the most common reasons for implementing a contract management solution like ContractExpress is to overcome legal department delays. ContractExpress allows business users to create contracts without requiring legal review for each request by automating the process so that business users within the corporation are able to get their contracts quickly and compliantly.
Not every contract can be created automatically without legal review though. There will always be requests for some non-standard provisions. There might be fallbacks. Possibly the contract may require some form of negotiation. Good solutions like ContractExpress provide a flexible and simple approach to handle such situations.
Improving compliance through reporting and alerting on contract obligations is another great reason for implementing a contract management solution. Contract management solutions like ContractExpress provide for a centralized repository for searching those contracts and reporting on the contracts’ metadata. For example, users might want to know how many contracts have been executed using a particular fallback provision. They may want to be alerted on key dates in those executed contracts.
To read the rest of the interview at the Metropolitan Corporate Counsel website click on the following link: Avoid Mistakes And Save Legal Review Costs – Use State-Of-The-Art Contract Management.
To learn more about ContractExpress contract management and document assembly click here.
More About Business Integrity
Business Integrity develops and markets the ContractExpress family of contract-management and document-assembly products — for intranet, for extranet, for SharePoint, for the Cloud, and for Salesforce. Many leading corporations and law firms in the US, in the UK, and internationally use ContractExpress to produce standard contracts more quickly, more consistently, and at lower cost, enabling their lawyers to focus on high-value, non-standard agreements. The company was founded in 1999 and is privately held, with offices in New York, San Mateo, CA, and London, England. Business Integrity’s customers include Microsoft, AXA, Cisco Systems, Christie’s, Cadence Design Systems, Dignity Health, Life Technologies, Georgia Pacific, SolarCity, PetSmart, Allen & Overy, Clifford Chance, Latham & Watkins, Linklaters, Littler Mendelson, Wilson Sonsini, Perkins Coie, Poyner Spruill, Stikeman Elliot, and Borden Ladner Gervais. For more information, please visit http://www.business-integrity.com.