The Malbek Blog

Managing contractual agreements is a critical function for organizations of all sizes. At the heart of this process are contract specialists – professionals who draft, negotiate, and monitor contracts between companies and external parties such as vendors, suppliers, and customers. There are over 50,868 contract specialists currently employed in the United States, reflecting the importance

Contracts form the backbone of all business relationships and obligations. Yet for many organizations, these critical documents lie scattered across file cabinets, local drives, email inboxes, and disconnected systems.  A shocking 10% of contracts go missing entirely, according to Faulkner Information Services. This disorganized state prevents companies from efficiently managing and retrieving contractual information when

Companies are constantly navigating complex agreements, and even the slightest oversight can lead to costly consequences. This is where AI contract review emerges as a game-changing solution, revolutionizing the way organizations approach this critical process. With its ability to analyze contracts at lightning speed, AI contract review promises to streamline workflows and fortify legal safeguards. 

Cutting-edge Generative AI Technology Set to Reinvent the Clause Playbook and Transform Contracting Operations Worldwide Las Vegas, NV — May 6, 2024 (GLOBE NEWSIRE) — Malbek, a leading provider of contract lifecycle management (CLM), is proud to announce the launch of Malbek AI Pro, featuring advanced Generative AI technology. This groundbreaking solution is set to

Published by Wiley, a must-read guide through the CLM landscape with ease and clarity. Princeton, N.J., April 18, 2024 (GLOBE Newswire) — Malbek, a leading provider of contract lifecycle management (CLM) solutions, is thrilled to announce the publication of the much-anticipated book, ‘Contract Lifecycle Management (CLM) For Dummies.’ Co-authored by Matt Patel, COO and Cofounder

In the labyrinth of lengthy contracts lie hidden clauses, crucial dates camouflaged amidst block letters, and subtle regularities buried within pages. A seemingly insignificant date tucked away in small font on page 40 of a sprawling 100-page document may only reveal its importance in hindsight. Yet, even a single oversight of such significance can potentially

Contracts are more than just legal formalities: they are repositories of invaluable data that hold the power to drive strategic decision-making, mitigate risks, and uncover hidden opportunities. However, this treasure trove of information often remains buried, trapped within the confines of unstructured documents. This is where contract data extraction comes into play, a process that

Did you know that in almost 40% of organizations, it’s unclear who is actually responsible for contract management workflow? That’s a staggering statistic that shows just how disorganized contract processes are in many companies. The truth is, that effectively managing the contract workflow management is critical for any business that operates based on formal agreements

Sales teams are the lifeblood of any organization, constantly navigating the challenging gauntlet of closing deals, ensuring compliance, and maximizing revenue. However, the burden of administrative tasks often consumes a significant portion of their time, diverting attention from their primary role of selling. This blog explores the transformative power of contract management software for Sales,