Ultria
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Ultria develops and licenses enterprise contract life cycle management that leverages artificial intelligence to provide simultaneous speed and control to contemporary legal and contract management teams. Follow the most relevant and informative contract management blog or CLM blog to
Ultria
2y ago
The post Webinar | Why Contracts matter for high growth companies? appeared first on Ultria | CLM Software ..read more
Ultria
2y ago
As we move into the new year, the turbulent Covid-19 conditions of the past two years have made us realize that volatility will be the most dominant trend when predicting the future. This has made organizations that stood on the precipice of digitalization for over a decade to accelerate decades of digital transformation in months. To mend the broken chains caused by global work environments, remote solutions became a necessity for daily business operations. Today organizations are loo ..read more
Ultria
2y ago
Salesforce-CLM Integration Helps Global Relocation Management Firm Do Away With Manual Contracting Processes About Company :
Global relocation management company that helps leading corporations around the world to relocate their employees, teams, and corporate workspaces strategically and seamlessly, using a people-first approach. The leading global relocation services provider offers moving, mobility, and relocation services. Headquartered in Denver, Colorado, US, the company serves 165 countries across six continents and manages 80,000 locations.
Contract Management Challenges:
Si ..read more
Ultria
2y ago
Don’t lose out to bad contracts. Contracts are not just a mere compilation of standard terms and conditions but a thoughtful recreation of agreement between the parties based on their understanding of their contract obligations. Never treat the original contract creation as absolute. There is always room for negotiations and changes in the contract before signing them. Contract review is that stage that creates space for these negotiations.
What is contract review?
Contract review is a thorough, i ..read more
Ultria
2y ago
THE COMMERCIAL REAL ESTATE GIANT INTEGRATES DISPARATE SYSTEMS AND THIRD-PARTY CONTRACTS WITH AI POWERED ULTRIA CLM About Company :
One of the ‘Big Three’ commercial real estate services and a 100-year-old company headquartered in Chicago, Illinois operates across 400+ offices in over 60 countries with 53000+ team members generating a revenue of 8.8 billion dollars by managing 4.1 billion square feet of commercial space.
Contract Management Challenges:
In the recent years the US headquartered commercial Real Estate major was involved in a sprint of mergers and acquisition which culmi ..read more
Ultria
2y ago
Every organization wants to maximise their contract performance management rather than merely managing their contracts. Contracts are the lifeblood of any organization, but without automation of workflow in the contract lifecycle management, 50% of the time is spent on negotiations with 30% increase in processing costs and 90% higher erroneous payments according to a study by Goldman Sachs.
An efficient CLM software automates your workflow by connecting the right people at the right time reducing bottlenecks with unlimited ..read more
Ultria
2y ago
The universal language of any business are its contracts. The success of any organization depends on its ability to build trust and collaborative relationships across its global stakeholders by executing their contracts on time. Streamlining the contracting process and extracting greater value from its error free and faster execution is a priority for any in-house general counsel from a global business perspective.
An inefficient contract management can lead to 9% value erosion of the contract according to a stud ..read more
Ultria
2y ago
StoneX Group, A Global Financial Services Network Garners 5x Growth in Users Across Sales, Procurement and Legal by Adopting Ultria AI- powered CLM
About StoneX Group :
A Fortune-500 Global Financial Services Network Company connecting:
Institutional and individual clients to 39 derivatives exchanges
175 foreign exchange markets nearly
Every global securities marketplace
Headquartered in New York, NY, US
Operates with 3000 employees across 70 offices spread across 5 continents.
StoneX Contract Management Challenges:  ..read more
Ultria
2y ago
Post-award Contract Compliance Management
Contract compliance can make or break an organization. Businesses cannot afford to overlook it, as the consequences can be crippling.
Consider these numbers: The average annual cost for organizations that experienced non-compliance stood at $14.82 million in 2017, a 45% increase from 2011. On the other hand, organizations can achieve up to 80% additional savings by using a well-defined contract compliance process.
If an organization files away a contract after signing on the dotted line, it may not deliver the value it expected. The mileston ..read more
Ultria
2y ago
A Global Financial Services Network Streamlines its Contract Operations with Ultria AI-powered CLM About the Company:
A Fortune-500 company that connects institutional and individual clients to global markets through its global financial services network. The company’s heritage dates to the 1920s.
The Challenge:
The company’s contracting operations faced many challenges such as scattered contracts, a slow contract initiation and management process, and many third-party papers coming from all over the world.
Ultria Solution:
Ultria helped them migrate over 2,300 legacy contracts to CLM, st ..read more