Artificial Intelligence Driven Ultria CLM for Legal Operations

2019-03-22T12:19:21+00:00March 22nd, 2019|Resources, Videos|

Ultria’s enterprise contract life cycle management leverages artificial intelligence to provide simultaneous speed and control to contemporary legal and contract management teams. In this age of increasing regulatory and competitive pressure, advances in technology, practically applied, provide the directional acceleration legal organizations need to meet their business objectives.

Infographic- Contract Management Mantras for Effective Risk Mitigation

2019-03-20T15:38:40+00:00March 20th, 2019|Infographics, Resources|

From ever-changing federal, state, environmental regulations and missed obligations, to fine-print blind-spots – contracts are ridden with a long, complex list of risks and threats. These risks can convert to huge losses both reputational and financial for companies, when not mitigated in time. And when companies have contracts that run in tens of thousands, monitoring each of them and ensuring all compliances and regulations are met is a mammoth and often a seemingly impossible task.

Infographic- Increasing Efficiency of Sales Operations with Contract Lifecycle Management

2019-03-08T14:44:29+00:00February 27th, 2019|Infographics, Resources|

Sales operations teams are primarily responsible for managing sell-side contracts, often all through manual processes. This leaves them with little time to do the other important sales tasks. IACCM benchmarking data reveals that  medium-to-complex sell-side contracts typically take up more than 76% of contracting resources. Moreover, for half of these, the bid to execution cycle can extend to more than 21 weeks. These statistics make a strong case for why an advanced contract management solution is the need of the hour. With an automated, integrated CLM solution, sales teams will not only be able to close sell-side contracts faster but will be able to ensure better contract compliance, accuracy and consistency.

Infographic – Artificial Intelligence Powered Contract Management: Transcending the Time and Cost Barriers

2019-03-04T12:04:52+00:00February 18th, 2019|Infographics, Resources|

Contracts, today, are not static, unyielding documents to be archived, rather live, strategic tools that drive operational value from the written word to the enterprise. An International Association for Contract and Commercial Management (IACCM) study reveals that poor contract management can result in revenue losses to the tune of 9.2 percent every year.

Infographic – Top 5 Post-award Contract Management Metrics

2019-03-04T12:09:10+00:00February 18th, 2019|Infographics, Resources|

Contract lifecycle management (CLM) is essential for growth in today’s competitive business environment. Going by IACCM (International Association for Contract and Commercial Management) estimates, 9.2% of an organization’s revenue is potentially lost due to inadequate CLM. Commercial and contractual issues are cited by IACCM as the primary cause in over 70% of troubled buy- and sell-side relationships.

Ultria Contract Management For New Revenue Recognition Standards IFRS 15 & ASC 606

2019-03-15T12:54:34+00:00February 5th, 2019|Resources, Videos|

Introduction of IFRS 15 and ASC 606, the new revenue recognition standards, imply key changes in compliance across organizations. This means re-accessing and re-negotiating all past and on-going contracts which often run in thousands. Through this video, learn how Ultria’s advanced end-to-end contract management solution helps organizations re-negotiate contracts faster and ensures on-going compliance with new standards from the start.