The Power of Metrics for Legal TeamsTransforming Unstructured Text to Structured Data
Do you know what data best shows your legal team’s success and illustrates investment return? What information can help you drive organizational change?
As organizations are embracing digital transformation, the use of data and metrics is becoming standard practice. For many legal teams, this type of reporting can be an overwhelming concept. Luckily, technologies incorporated into your legal team’s everyday workflow, such as contract lifecycle management (CLM) technologies, can be the key to unlocking powerful metrics.
Salesforce is a leading example of an organization that understands the power of metrics and how to use them in their everyday processes. As their legal team was developing their metrics strategy for the contracting process, they relied on Salesforce’s core values — trust, customer success, innovation, equality, and sustainability — as a guide.
They didn’t want to track data just for the sake of tracking. Large amounts of data can be difficult
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