Ironclad

What happens when procurement and legal come together? Silos are broken down, both functions get stronger, and a powerhouse partnership is built. Tomorrow, Ramp and Ironclad are bringing together procurement experts Mathew Schulz and Tom Mills along with Laura Garcia, Head of Commercial Legal at Ironclad to discuss procurement and legal can seamlessly collaborate. Tune in to learn: 💡 The evolving convergence of procurement and legal roles 💡 How integrated contract management improves negotiations and risk mitigation 💡 Insights from experts on refining vendor review processes 💡 Overcoming common misalignments between procurement and legal 💡 Leveraging modern tools for seamless collaboration Save your spot 👉 https://lnkd.in/gEAMauCC

Legal getting an "urgent: EOD contract review" email at 4:59pm on Friday 🙃

Turn contract commitment into trackable action items. Once a contract is signed, create obligations define required actions for each party, ensuring compliance and outlining consequences for non-fulfillment. Now, turn contract commitments into trackable action items with assigned ownership and a due date. Legal teams can track regulatory compliance obligations, procurement teams can monitor supplier performance requirements, and sales teams can stay ahead of customer renewal dates – all from one platform. Want to learn more? Click here 👉 https://lnkd.in/gWbUwZwR

When it comes to retail, execution speed is everything. With an average contract turnaround of just 37 days, these companies are prioritizing operational agility. But is your contracting process helping or hurting? Our 2025 Enterprise Contracting Benchmark Report found that… 📌 74% of contracts required direct legal review or intervention 📌 65% of contracts undergo negotiations 📌 Average of 40 days to execute 📌 65% of contracts use of counterparty paper Risk is everywhere: liability, insurance, fuel surcharges, delivery performance, and cross-border compliance. Retail and CPG leaders are taking action in a few ways: 💡Using risk-based routing to prioritize legal review for high-risk contracts 💡Deploying modular contract frameworks 💡Digitizing workflows to gain real-time visibility The faster and more accurately you contract, the faster you move—literally and financially. Dive deeper into the benchmarks: https://lnkd.in/gsqdVUBg

The Hackett Group Inc.'s 2025 Procurement Agenda and Key Issues Study is a must-read for procurement professionals. The report dives into evolving procurement priorities, digital transformation initiatives, and talent management strategies that can drive real value in today's economic climate. If you're looking to benchmark your procurement strategy against industry leaders or identify areas for improvement, this comprehensive analysis provides actionable insights to help you navigate 2025's complex landscape. Check it out: https://lnkd.in/g9DgAH9t #Procurement #SupplyChain #BusinessStrategy #2025Trends

What’s new in Ironclad? New procurement capabilities, custom AI properties, and more! "Procurement teams are moving beyond basic contract management. They need intelligent insights that help them maximize the value of every supplier relationship." - Michel Feaster, Chief Product Officer Our latest release helps procurement teams: 📍 Track critical supplier obligations with clear ownership and deadlines ✒️ Maintain standardized counterparty data across systems 🔍 Extract custom business-critical insights with trained AI 📊 Unified dashboard showing all contracts, commitments, and supplier history This isn’t all, check out the full list of updates here 👉 https://lnkd.in/gd2tzZNY

Procurement masterclass from Dentalcorp 🚀 How procurement teams can drive CLM adoption across their organization. When implementing a new procurement technology, change management is critical. Dentalcorp's procurement-led approach offers valuable lessons: 1️⃣ Comprehensive stakeholder engagement - "We met with all team members and asked for their requirements, prepping them slowly for the new system" - Aritra Paul, Senior Manager, Procurement 2️⃣ Smart data migration - For procurement contracts with 70-80% data accuracy, they used bulk import contracts with defined attributes, followed by thorough auditing 3️⃣ Cross-functional value creation - Procurement maintained oversight while empowering other teams to manage their contracts independently The result? A procurement function transformed from basic contract repository users to strategic contract lifecycle managers! Dive deeper into Dentalcorp’s approach here: https://lnkd.in/dxup7zAi #ProcurementTech #SupplierManagement #Procurement

Bringing AI into workflows to create more efficiencies is a big initiative at many organizations. AI tools are here to help legal teams spend their time more efficiently doing work they want and need to do. Listen to more insights and tips from top GC’s here 👉 https://lnkd.in/gDBJ7RCS #AI #Legal #LegalOps

⚠️ Generic AI = Generic results⚠️ The best legal teams aren’t just checking the AI box. They're building custom solutions that actually work. Why customize your AI? 📈 55% better outcomes with customized CLMs 🧠 AI-powered clause libraries actively learns your clauses and contract language 🔍 Risk scoring defined by your parameters that actually reduce unnecessary escalations 🚀 Workflow tools that adapt to your process Out-of-the-box isn’t enough anymore. You need legal tech that fits your business – not the other way around. Get the details in our latest post: https://lnkd.in/g-WkKMBv #LegalTech #ContractManagement

Procurement + Legal = Powerhouse ⚡️ Top procurement experts Mathew Schulz and Tom Mills will be chatting with our Head of Commercial Legal, Laura Garcia about streamlining the procurement process and ways procurement and legal teams can build a powerhouse partnership. Join this session hosted by Ramp on April 16 at 12pm ET | 9am PT for this deep dive! Register here 👉 https://lnkd.in/gEAMauCC