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Did you know that on average it can take about 3.5 weeks to get a contract created and approved?  That time can significantly increase when your contract is stuck in the agreement or negotiation stage.

Today I am pleased to announce that we will be joining forces with Contract Wrangler, a leader in applying AI (Artificial Intelligence) and ML (Machine Learning) to understand the terms and obligations in contracts that impact revenue, risk, and cost once the contract is executed.

Every year, companies devote significant time, money, and effort to improving their technology stack. Whether it’s updating the tools they already have or purchasing new solutions, keeping technology aligned with business needs is a never-ending challenge.

Contracts are the lifeblood of modern companies. They define relationships, outline rights and responsibilities, and spell out the details of any sale—including price, timing, payment terms, warranties, and more. In fact, contracts govern up to 80% of B2B business deals.

Conga Connect is just a few short weeks away, and we can’t wait to share all the great content we’ve got in store for you. Connect is our headline event of 2021, and it’s the perfect opportunity for any organization looking to digitally transform their commercial operations.

Conga is proud to be recognized as a Leader in the Gartner Magic Quadrant for Contract Lifecycle Management, 2021 report.

Gartner Magic Quadrants evaluate vendors within a given market based on their completeness of vision and their ability to execute.

Our annual global event, Conga Connect, is coming up June 9th AMER at 9 am PT | June 10th APAC at 9 am AEST | June 10th EMEA at 9 am BST. We invite you to tune in for meaningful, information-packed sessions and inspirational keynotes, worldwide.

Embedded in as much as $340 trillion worth of financial contracts worldwide, LIBOR (London Inter-Bank Offered Rate, also known as IBOR) has been the de facto interest rate for decades. But with the end of 2021—and the cessation of LIBOR fast approaching—the scramble has begun to identify and adopt new interest rate benchmarks.

In a year characterized by crises, change, and uncertainty, companies around the world have faced unprecedented challenges and tough decisions. But in facing these challenges and uncertainty, organizations have an opportunity to show their true values in how they choose to react and overcome.

As we continue to work remotely, we have to find creative ways to connect with our fellow Conganeers. This week, we held our second Congapalooza—a talent show of sorts, where our team is able to showcase musical, artistic, and other abilities as we cheer each other on in the comments.

Human clinical trials are a complex process, which often involves orchestrating details across multiple entities and geographies, and a phased execution strategy that can span several years. Understandably so, biopharma manufacturer attempts at implementing systems to support these complex processes present significant challenges.

If you’ve ever invested in a SaaS product for your business, you may have looked into customizations. This can be any feature, modification, or extension made to the existing product functionality, that is not prebuilt by developers and instead requires custom development.