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Clinical Trial Agreements (CTA meaning medical agreements and not Call-To-Action, which is an often used marketing term) are fundamental to the successful execution of medical research. These legally binding documents serve as the cornerstone for collaboration between sponsors, research institutions, and investigators. CTAs, also known as Clinical Study Agreements (CSAs), outline the terms and conditions
The healthcare sector accounted for a significant 11.8% of the global contract management software market share in 2020, highlighting the growing importance of pharmaceutical software solutions in the industry. From research collaborations and clinical trial agreements to licensing and supply chain contracts, pharma companies must juggle a multitude of agreements while ensuring compliance with stringent
New Purpose-Built Industry Packages Transform the Speed, Accuracy, Compliance, and Ease of Doing Business for Customers. Princeton, NJ — October 10, 2024 (GLOBE NEWSIRE) – Malbek, a leading provider of contract lifecycle management (CLM), is thrilled to announce the launch of our new Malbek Vertical Power Packs featuring industry-specific capabilities to meet the unique challenges
According to data collected by World Commerce & Contracting, effective contract development and management has the potential to save companies an impressive 9% of their annual revenue on average. However, despite this significant opportunity for improvement, many organizations continue to experience value leakage years later. This persistent issue highlights the critical importance of implementing and
As organizations engage in a growing number of commercial relationships, the need to efficiently manage contracts throughout their lifecycle has become paramount. Contract administration encompasses a wide range of activities, from negotiating terms and conditions to ensuring compliance and maximizing performance. When done right, it can mitigate risks, improve profitability, and strengthen partnerships. However, traditional
September 24, 2024, Princeton, NJ (GLOBE Newsire) — Malbek, a leader in Contract Lifecycle Management (CLM) solutions, is pleased to announce a strategic partnership with ZS, a global management consulting and technology firm. With successful global deployments across industries, including Life Sciences, Financial Services, Technology, Services, Manufacturing, CPG, Telecom, Energy, Oil, and Gas, this collaboration
Imagine you’re a contract manager tasked with overseeing various agreements, from supplier contracts to employee agreements. Some contracts require both parties to take action, while others bind only your company to fulfill a promise. Do you know the difference between these two types of contracts and how to manage them effectively? In business, contracts form
Contracts are the foundation of business. They define every dollar coming in and going out of your organization. Yet for many companies, contract management remains a cumbersome, disjointed process that exposes them to unnecessary risk, delays, and value leakage. Implementing contract lifecycle management best practices is critical to overcoming these challenges and transforming contracts into
With the SaaS industry expanding by approximately 500% in the past seven years, SaaS contracts have become the lifeblood of modern business operations. These agreements govern everything from pricing and service levels to data privacy and security. Poorly managed contracts can lead to significant financial losses for organizations. According to research by World Commerce &
