Too Legit to Quit: Why Skullcandy is Teaming Up with Icertis

Cloud Computing Magazine | TMCNet, Technology Marketing Corporation

Previously Published to TMC Net’s Cloud Computing Magazine

No, we’re not talking about MC Hammer this time. We’re talking contract management.

Cloud-based contract management provider, Icertis, announced a recent partnership with Skullcandy, Inc. that will help the performance audio brand to excel in future business dealings within the global marketplace.

Since named “The World’s Coolest Ear Bud” by Fortune, Skullcandy has seen an increase in sales and interests, while already ranking as the third most-sold headphone in the United States. The company, preparing for rapid growth and adoption, has identified areas for improvement within daily business operations and structure.

After strategically analyzing multiple solutions, Skullcandy decided to go with adopting the Icertis Contract Management (ICM) platform in managing the contractual segmentation of those operations.

With that, the IT department got busy.

Skullcandy plans on rollout of ICM within the next 60 days. Various departments, such as legal, human resources, procurement and sales will be trained and onboarded into using the systems. Strategic partnerships and marketing will also benefit form this new platform, as they will be able to keep better track of contractual obligations and hold others accountable – without having to dig into the crate to find the originating contract or the latest amendments to it.

“Contract complexity and audit scrutiny is only expected to intensify, so the days of manually tracking contracts and assessing risk are becoming a thing of the past,” said Samir Bodas, CEO of Icertis.

In the days where we must be careful not to sneeze in the wrong direction, some form of cloud-based contract management is essential to business operations.

Law firms will be able to integrate eDiscovery platforms in staying on top of client portfolios. After all, many of them are receiving retainer to continuously monitor business activities and ensure legal compliance along the way. Why not avoid trouble from the early beginnings of an official business relationship.

One major difference between Icertis and other contract lifestyle management providers is that they serve a more broad-based contract type. Many organizations are content with contract-specific filing, but this isn’t always enough, especially in the case of a company that has built such demand.

In the case of Skullcandy, Icertis provides a “360 view” of operational and financial data, outlining details of each contract and minimizing risks in process, including communication, cross-departmental accessibility and expiration dates.

What Skullcandy enjoyed most about the platform was its ability to push real time notification and reminders to all users on the system. It literally notified everyone at once about changes in agreement, while updating all amendments. This software also allows Skullcandy to keep some documentation off limits to certain individuals, while continuing to keep sensitive information safe and secure.

“As a global brand, we have an extensive contract library relevant to all departments internationally,” said Oriana Kacirek, Senior Manager & Corporate Paralegal for Skullcandy. “We wanted a robust platform to manage our process across all of our supply, vendor and license relationships. Icertis’ platform offers superior capabilities that align with our technology, business and operational needs.”

The global technology research firm, Gartner (NewsAlert), has predicted that by 2017, we will see a huge increase in contract lifecycle management with rates growing as large as 40%. It’s set to become a billion dollar business, because organizations are steadily becoming more tech-savvy and are adopting solutions that will minimize risks – especially association with revolving contractual agreements.

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Cloud-based e-Discovery Creating Efficiencies for Law Firms

Cloud Computing, Cloud Computing magazine

PREVIOUSLY PUBLISHED TO TMCNET’S CLOUD COMPUTING MAGAZINE

Bloomberg (NewsAlert) and many other news outlets are questioning whether or not 2016 is the “year of cloud-based e-discovery.” This makes sense, given that 2015 was the year cloud-based innovations erupted into the mainstream. Experts are predicting that e-discovery will soon adopt and completely immerse itself into the cloud universe.

Law firms especially have taken to hosting secure servers externally, eliminating security concerns by hosting on internal servers or breach of privacy in confidential information through access by local IT professionals, who might be tempted to manipulate files and change details in local cases.

External cloud servers have become unbiased custodians for cases that may last several years on end. Concerned with the security related to accessing clouds through the Internet, there are some law firms that are quickly realizing that external sources are indeed more secure than hosting in-house, although completely against the move in previous months. External sources are becoming more secure as technology is being strengthened to meet the growing concerns for secure portals.

In meeting cost efficiencies, legal teams are also finding that hosting on external servers is cheaper to maintain than hosting internal machines and hiring the operators to engineer them.  Firms are aligning with their exact needs by finding providers that can meet those exact needs, thus eliminating the need to create these needs in-house. They are also learning that external sources allow for a more concrete “uptime” than they have experienced through proprietary servers.

Lack of resources and a full staff of necessary professionals to operate systems under a set budget is one thing that sets internal servers apart from external clouds. They are now able to integrate programming and the ability to provide access to attorneys while out of the office. With increased security and lower costs for e-discovery systems, clients will also save in service prices, ensuring long-term relationships with clientele.  

Cloud-based e-discovery solutions aren’t one-size-fits-all solutions to e-discovery tools for law firms, however. Some smaller law firms may realize that they don’t need such a complex server to meet their immediate needs. Likewise, larger firms, who have put a CISO, Chief Information Security Officer, in place to ensure security at all times, may also realize that they can efficiently do everything in-house, especially in the situation where their caseloads are enormous and that migrations would be extensive. This includes the need for large storage solutions.   They still face concern of internal data breach.

Larger firms, who may choose not to make e-discovery available through a cloud, may still institute a system that includes cloud technologies, whether through integration or through a separate system altogether. Because many enterprises are realizing the need for “always on” connectivity, remote access of the work environment continues to provide further documentation and control of cases from outside the office place. This benefits firms, whereas external contributors or remote personnel are associated with a specific case.

Through this they have systems in place to ensure proper communication, internal collaboration and – of course productivity… the ongoing theme of cloud innovations. 

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