Making Sense of Contract Management: How to Tame the Wild World of Contracts

There is a fundamental problem plaguing the Contract Management experience. 80% of companies can't find their contracts, 50% of CLM deployments are predicted to fail by year-end, and only 11% of legal departments report experiencing a benefit from existing contract technology.

The incumbent approach is expensive, time-consuming, and fraught with risk. Until we understand the root causes of contracts chaos (“the prose problem”), new solutions are doomed to repeat the same mistakes again and again. 

The good news is that it's easier today than it's been for the past 20 years to crack the code on Contract Management without upending your existing systems and process. And it starts with a shift in perspective on where to begin and why. 

Key Takeaways

• Why the state of contracts management cannot remain status quo
• The costly and risky effects of the “Prose Problem” 
• Why solving the conundrum of contract families is an enterprise-wide imperative
• Beyond contracts hygiene, how to manage executed agreements to achieve best practice in risk management, plug revenue and margin leakage, and generate business intelligence from one of the most valuable and overlooked information assets your company has

Speaker: Mark Harris

Mark Harris is the CEO of Knowable. Mark is one of the co-founders of Axiom and served as Axiom’s Executive Chairman from 2017-2019 and CEO from 2000-2016. Prior to founding Axiom, Mark practiced law at Davis Polk & Wardwell and clerked at the U.S. Court of Appeals, Ninth Circuit. Mark is a University of Texas undergraduate and law school alumnus.