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Webinar Overview
This webinar focuses on the role of Legal Operations teams in driving digital change and how a CLM platform supports these efforts. You’ll gain valuable insights and first-hand examples from our expert panelists about how to implement a CLM function in your organization.
The Power of Legal’s Role in AI CLM Implementation
Speakers
Michael Brito
Vice President – Legal, DXC Technology
Kyle McNeil
CLM Practice Leader, EY Law
Puneet Bhakri
EVP – Americas Sales & Global Alliances, Sirion
The Highlights
In-house legal and legal ops teams are critical in implementing CLM systems and championing company-wide adoption.
But, as we learned from this webinar, that’s sometimes easier said than done.
In this session, we learned some actionable insights on how legal teams can use their strategic expertise to onboard the right AI CLM solution and how to use it to their advantage.
Here are our top 4 takeaways:
1. Leverage Contracts as Strategic Assets
When you start to view contracts as dynamic tools for driving business value rather than static documents, the entire organization has a reason to get on board with a CLM. Make sure you build a case around a CLM solution that enables easy visibility of contracts for all teams, automates data extraction, and streamlines the management of contract obligations.
When it comes to contract management, business teams have often historically “set it and forget it” — but a contract can be a vital source of business insight when managed well.
2. Engage Stakeholders Across All Departments
Legal shouldn’t have to carry all the burden. Involving key stakeholders – sales, finance, procurement, IT – early in the CLM journey is essential for buy-in and future collaboration. This ensures the system addresses the unique needs of each department, facilitating smoother adoption and integration. Regular training on your CLM is also crucial for buy-in post-implementation.
3. Harness AI for Enhanced CLM Processes
AI must sit at the core of your CLM solution. An AI-powered CLM can streamline contract creation, review, and management processes. It can also automate routine tasks, identify risks, and provide insights, freeing legal teams to focus on more strategic activities. Check out our complete guide on implementing an AI CLM strategy here.
4. Address Migration Challenges Up Front
Plan meticulously for transitioning existing contracts to the new system. Use AI for efficient data extraction and migration, ensuring integrity and accessibility. A phased approach works best to manage workload and mitigate risks effectively.
Put Your CLM Tips and Strategy into Action
If you’re part of an in-house legal team and ready to embrace CLM technology, foster cross-functional collaboration, improve strategic planning, and provide more value to your organization, we’re here to help. Connect with us here for a demo of our full-lifecycle AI CLM solution. We’ll help you every step of the way.
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