The Malbek Blog

While even managing a single agreement can become a complex task, the operations of Fortune 1000 companies are governed by an average of 20-40 thousand contracts. It is easy to see why modern enterprise contract management systems are needed – they help avoid forgotten clauses, unbilled revenue, and increased prices and provide a common ground

Is contract renewal just about keeping an eye on deadlines? While there are agreements that can indeed be tracked with a tiny calendar entry, a document of hundreds of pages can contain countless clauses that are essential to know but almost impossible to track manually. In this article, we’ll show you what you need to

Supercharge your contract management with AI-powered contract intelligence, transforming agreements from burdens to business boosters. Legal, procurement, finance, and sales teams all benefit from unparalleled speed and accuracy in contract review, and processing documents in minutes instead of hours.  Gain strategic insights that reveal hidden opportunities, optimize negotiations, and ensure compliance with ever-changing regulations. Elevate

Modern Innovations to Clickwrap Agreements are Transforming the Speed, Accuracy, Compliance, and Ease of Doing Business for Companies Worldwide.   Princeton, NJ — July 1, 2024 (GLOBE NEWSIRE) – Malbek, a leading provider of contract lifecycle management (CLM), is proud to announce the launch of new Malbek Klix capabilities featuring next-generation clickwrap agreement technology. These first-to-market

Despite their pivotal role, the valuable insights buried within contracts often go untapped. This is a missed opportunity because contracts are data-rich assets that can provide organizations with a competitive edge when analyzed effectively through contract analytics. The reality is that a staggering 70% of companies fail to fully adhere to the terms and conditions

Contract lifecycle management is as old as contracts themselves, but for a long time it was all about memorized numbers, data entered manually into spreadsheets, and risks from human error. Modern CLM solutions, which now include artificial intelligence, offer a variety of benefits for different departments in organizations to reduce risk, increase efficiency, and easily

What is Contract Management Software? Contract management software is a digital solution that helps organizations streamline and automate the entire contract lifecycle – from creation and negotiation to execution, monitoring, and renewal. The best contract management software for companies is a centralized repository to store and manage all contracts securely while providing tools for collaboration,

In today’s digital age, the ability to sign documents electronically has become a necessity for businesses of all sizes. However, many people use the terms “electronic signature” and “digital signature” interchangeably, when in fact, they are distinct concepts with their unique characteristics and applications.  The rise of remote work and virtual transactions has been staggering

Drafting secure contracts and protecting the interests of the company – that is the daily reality of a contract specialist. These skilled professionals are in high demand, acting as the bridge between legal jargon and clear business objectives. But what key contract specialist skills are companies looking for when considering this exciting career path? And