CHICAGO--(BUSINESS WIRE)--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 contract 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 Bob Rowe, executive vice president, Huron Legal. “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 Jeff Catanzaro, managing director, Huron Legal. “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: http://www.huronconsultinggroup.com/Expertise/Legal/Contract-Management-and-Compliance.
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.
About Huron Legal
Huron Legal provides advisory and business services to assist law departments and law firms to enhance organizational effectiveness and reduce legal spend. Huron Legal advises on and implements strategy, organizational design and development, outside counsel management, operational efficiency, and discovery solutions, and provides services relating to the management of matters, contracts, documents, records, digital evidence and e-discovery. Huron Legal is not a law firm; it does not offer, and is not authorized to provide, legal advice or counseling in any jurisdiction. Learn more at www.huronconsultinggroup.com/legal or follow us on Twitter: @HuronLegal.
About Huron Consulting Group
Huron Consulting Group helps clients in diverse industries improve performance, transform the enterprise, reduce costs, leverage technology, process and review large amounts of complex data, address regulatory changes, recover from distress and stimulate growth. Our professionals employ their expertise in finance, operations, strategy and technology to provide our clients with specialized analyses and customized advice and solutions that are tailored to address each client's particular challenges and opportunities to deliver sustainable and measurable results. The Company provides consulting services to a wide variety of both financially sound and distressed organizations, including healthcare organizations, leading academic institutions, Fortune 500 companies, governmental entities and law firms. Huron has worked with more than 425 health systems, hospitals, and academic medical centers; more than 400 corporate general counsel; and more than 350 universities and research institutions. Learn more at www.huronconsultinggroup.com.