InnoLaw Group, PLLC

💡 Thinking About CLM Technology? Build a Solid Foundation First! Before diving into Contract Lifecycle Management (CLM) tech, make sure your contracting foundations are rock-solid. Take the time to understand your current processes, optimize them, and then think of technology as the engine booster that will take you to the next level. 🚀 The right tech enhances efficiency, but only if the groundwork is set! #CLM #ContractManagement #LegalOps #Legal #Contracting #ContractLifecycle #ContractLifecycleManagement #CLMSimplified #CLMReadiness Lucy Bassli🎗InnoLaw Group, PLLC

💡 Who Owns Contracting in Your Company? Let's Find Out! Contracting involves more than just legal—it’s a team effort! Align with Finance, Procurement, and Sales to establish a clear corporate philosophy on contracting. A great way to clarify roles? Use a RACI chart to identify owners and define accountabilities for each part of the process. While legal may own your organization's contracting process, getting everyone on the same page leads to smoother workflows and fewer bottlenecks. #CLM #ContractManagement #LegalOps #Legal #Contracting #ContractLifecycle #ContractLifecycleManagement #CLMSimplified #CLMReadiness Lucy Bassli🎗 InnoLaw Group, PLLC

💡 Streamline Your Contracting Process with a Shared Inbox! You don’t need a fancy CLMS to solve your intake woes. If you want better control over contract requests, set up a shared email inbox for intake! It helps balance workloads across your team and creates a foundation for tracking contract volumes and patterns. A simple solution with big benefits for improving efficiency and gathering valuable data. 📊 #CLM #ContractManagement #LegalOps #Legal #Contracting #ContractLifecycle #ContractLifecycleManagement #CLMSimplified #CLMReadines Lucy Bassli🎗 InnoLaw Group, PLLC

Wondering if Your Company Needs a CLM System? A Contract Lifecycle Management (CLM) system can be a game-changer, but how do you know if it’s time to invest? Here are some signs your company might benefit from a CLM: 💡Overwhelmed by Contract Volume & Complexity? If managing the sheer number of contracts and their terms is becoming unmanageable, a CLM system can bring structure and clarity. 💡Process Inefficiencies Slowing You Down? If your contract processes are filled with manual, repetitive tasks, a CLM can automate workflows and save time. 💡Struggling with Risk Management? CLM systems help reduce compliance issues, missed obligations, and unmanaged risks, giving you more control and visibility. 💡Cross-Department Chaos? Poor communication between legal, finance, and business teams is another red flag. A CLM streamlines collaboration and keeps everyone aligned. Before jumping into a CLM solution, ensure your company has the right foundation in place—clear processes, templates, and a readiness for transformation. Does this sound familiar? It might be time to explore a CLM solution. #CLM #ContractManagement #LegalOps #Legal #Contracting #ContractLifecycle #ContractLifecycleManagement #CLMSimplified #CLMReadiness Lucy Bassli🎗InnoLaw Group, PLLC

💡 Not Every Pain Point Needs Solving on Day One! When rolling out new tech, it’s easy to feel overwhelmed by all the challenges you want to fix. But success comes from focusing on the right priorities first. Start by improving contract storage and retrieval, balancing workloads, and building strong templates. Be clear, be crisp and be focused. Even small wins lead to big impacts! #CLM #ContractManagement #LegalOps #Legal #Contracting #LegalTech #ContractLifecycle #ContractLifecycleManagement #CLMSimplified #CLMReadine Lucy Bassli🎗InnoLaw Group, PLLC

💡 Who does what in contracting? Let’s break it down! Contracting teams typically operate in three core roles: substantive, operational, and administrative. Knowing the difference is key to working smarter, not harder: ➡️ Substantive: These are your experts—attorneys and senior managers—handling negotiations, risk assessments, and drafting complex terms.  ➡️Operational: These folks manage the process, workflows, and systems that drive contracts from creation to execution.  ➡️Administrative: The backbone of the operation, managing the details like data entry, storage, and keeping contracts organized. By distinguishing these roles, you can optimize skills, improve efficiency, and ensure the right people are tackling the right tasks.  Is your contracting team set up for success? #CLM #ContractManagement #LegalOps #Legal #Contracting #ContractLifecycle #ContractLifecycleManagement #CLMSimplified #CLMReadiness Lucy Bassli🎗InnoLaw Group, PLLC

OPTIMIZE YOUR TEAM Did you know that contracting professionals fall into 3 key roles?  Contracting work can typically be broken down into substantive, operational, and administrative roles. Understanding these distinctions is crucial for defining the right skill sets and optimizing your team’s resource allocation. By clearly identifying these activities, you can empower your team to work smarter and more efficiently!   Stay tuned to tomorrow's post when we help define those 3 roles! #CLM #ContractManagement #LegalOps #Legal #Contracting #ContractLifecycle #ContractLifecycleManagement #CLMSimplified #CLMReadiness Lucy Bassli🎗InnoLaw Group, PLLC

💡 Templates: Not Magical 🪄 But a Powerful Start! While templates won’t solve everything, they can make a huge difference when it comes to high-volume, repeatable contracts. The key? Ensure your templates terms are within acceptable ranges for both parties, and you’re already ahead of the game. Smart templates save time and boost consistency – let’s use them wisely! #CLM #ContractManagement #LegalOps #Legal #Contracting #ContractLifecycle #ContractLifecycleManagement #CLMSimplified #CLMReadiness Lucy Bassli🎗InnoLaw Group, PLLC

PRIORITIZE CONTRACT STORAGE Struggling to find contracts? You’re not alone! A major pain point for many teams is locating contracts when they need them most. The solution? A simple, centralized repository with strong search capabilities. Create a clear policy for contract storage, define easy-to-use taxonomies, and empower the right people to manage and maintain the system. It’s time to take contract of your contracts and make them easier to find! #CLM #ContractManagement #LegalOps #Legal #Contracting #ContractLifecycle #ContractLifecycleManagement #CLMSimplified #CLMReadiness Lucy Bassli🎗InnoLaw Group, PLLC

💡 SIMPLIFY WITH PLAYBOOKS Whether you call them playbooks or negotiation guides, these tools are game changers for simplifying the contracting process. They help educate teams, ensure consistency, and are a must-have if you’re outsourcing contract reviews. Want to boost efficiency and streamline your contracts? Empower your business with well-crafted playbooks that serve as a roadmap for success. Consistency starts here! #CLM #ContractManagement #LegalOps #Legal #Contracting #ContractLifecycle #ContractLifecycleManagement #CLMSimplified #CLMReadiness Lucy Bassli🎗InnoLaw Group, PLLC