Contract Logix Recognizes Trailblazers in Digital Contract Transformation (DCX), Announcing DCX Award Winners
Awards Program Celebrates Individuals and Organizations Digitally Transforming Contract Lifecycle Management into an Intelligent, Secure, and Data-Driven Function
Contract Logix, a leading provider of data-driven contract management software, today announced the winners of its 2021 Digital Contract Transformation (DCX) awards. The winning organization and individual were recognized for driving excellence and commitment to contract lifecycle management (CLM) and for demonstrating how DCX can have a significant positive impact on business processes, as well as improve collaboration, mitigate risk, increase compliance, and finalize business faster.
The 2021 DCX Award winners were selected based on the most compelling examples of how they digitally transformed their CLM process and strategies through workflow automation, user adoption, increased visibility, collaboration, security, and other critical areas at the organizational and individual level.
Digital Contract Transformation of the Year Award Winner – Organizational Category:
TAWANI Enterprises, for dramatic improvements in streamlining and automating its contracting processes to deliver improved compliance, visibility, and efficiency gains. TAWANI’s diverse private equity portfolio consists of startups and mature innovative companies in various industries, as well as not-for-profit interests through Foundation work and military history and education organizations. Prior to digitally transforming its CLM, these various entities were generating numerous requests, via various channels, that were sent to the Legal team, a manual process that was difficult to organize and manage. This created inefficiencies tracking the stage and status of contracts in-progress, delaying deadlines, creating risk, and introducing communications breakdowns across departments. By digitally transforming its contract management with a centralized request/intake process, automated workflows for alerts, approvals, and reviews, TAWANI is able to prioritize tasks, manage expectations, and serve internal clients faster and more accurately.