Audit Readiness
Audit readiness is the state of preparedness for contract audits. It involves maintaining accurate and organized contract documentation, ensuring compliance with regulations, and having systems in place to facilitate smooth audits
Audit Trail
Audit trail is a record that chronologically captures and documents all activities and changes made to a contract, ensuring transparency and accountability.
Automated Notifications
Automated notifications are CLM-generated alerts and messages that are automatically sent to relevant stakeholders based on predefined events or triggers within the contract management process. These notifications serve to keep users informed, prompt them to take specific actions, and ensure that key milestones or deadlines are not overlooked.
Automated Workflows
Automated workflows are systematic and rule-based automation of tasks, processes, and approvals involved in managing the lifecycle of contracts. These automated workflows are designed to streamline and standardize the contract management process, reducing manual intervention, improving efficiency, and ensuring adherence to predefined business rules.
Automation
Automation is the use of technology to streamline and automate contract management processes, reducing manual efforts and errors.
Bek
Bek, Malbek's co-pilot, a trailblazer in Generative AI, setting new standards for efficiency, flexibility, and strategic acumen in contract management.
Benchmarking
Benchmarking is comparing contract management processes or performance metrics against industry best practices to identify areas for improvement.
Beta Agreement
A Beta agreement is a contractual arrangement outlining terms and conditions for the testing and evaluation of a pre-release or beta version of a product or service. It establishes the rights, responsibilities, and limitations of both parties during the beta testing phase.