Huron Consulting Group (NASDAQ: HURN), a leading provider of business consulting services, today announced the launch of Huron Legal’s kCreate™ application to reduce costs and enhance the speed of the
creation process for corporate law and compliance departments. The new tool automates the contract creation process, allowing clients to generate even the most complex contracts internally, avoiding unnecessary costs and enabling greater compliance and control throughout the life cycle of a contract.
Huron Legal’s kCreate application generates a customized contract creation system tailored to each company’s unique business needs and empowers clients to manage the contract process in-house. It works within the existing framework utilized by internal contract and compliance teams and permits intervention and approval when necessary. The tool is designed to greatly reduce the time and manpower needed to create a contract – allowing the contractual process to keep up with the speed of business.
“In order to reduce costs, maximize revenue and ensure effective delivery of contractual obligations, companies must effectively manage and have clear visibility and control over all contractual obligations and commitments,” said
, executive vice president,
. “We developed the kCreate application to help our clients more effectively and efficiently manage their contracting process. Our combination of people, process and performance-driven technology sets Huron Legal apart in the compliance, information governance and contract management arena.”
Available on most mobile devices, the tool can easily be embedded into an intranet or legal portal enabling corporate law and compliance departments to:
- Reduce overall contracting spend
- Manage supply chain and improve operational decisions
- Minimize financial and legal risks
- Improve speed to market for new goods and services
- Enhance decision making via embedded business analytics throughout the contract drafting lifecycle
“In many organizations, the contract management process is still a manual, slow, inefficient, and ineffective process where companies are leaving money on the table,” said
, managing director,
. “In an effort to meet this need in the market, Huron Legal has enhanced its existing contract management offering to provide a holistic approach that can be tailored to a company’s unique needs.”
To learn more about Huron Legal’s kCreate application contract creation tool, visit:
Additional offerings in Huron Legal’s contract management solutions include: strategic advice on a company’s agreements from legacy systems; contract management system selection and implementation; contract discovery review and analytics; and obligations management for ongoing support of the contract management system.