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Contracts are not just documents representing a handshake. They are a spine of business relationship and transactions. Modern business contracts are far more complex; they cover more areas and provide for more exclusions. Hence, managing and drafting contracts is a complicate task. It requires foreseeing a multitude of possible scenarios and being able to assess risks.

Subsidiary of Nasdaq, the world‘s largest stock-exchange operator and capital-market technology provider, has strengthened its process management in Vilnius (Lithuania). The company has acquired DocLogix solution for documents and business-process management. The main aim of this is better-quality management of internal and human-resource documents and related processes.

Each time I hear a new anecdote about contracts that take a few months to negotiate, contracts delivered by couriers for signing that disappear, or stupefied managers blushing in front of their bosses because they failed to extend a contract on time or delivered services to a client whose contract has expired... I am sad.

DocLogix, a leading provider of document and process management solutions, today announced it has attained a Gold Application Development competency, demonstrating a “best-in-class” ability and commitment to meet Microsoft Corp. customers’ evolving needs

During the prestigious European IT & Software Excellence Awards, which took place in London, DocLogix was recognized as the best information and document management solution in Europe. Awards panel was presented with the successful implementation of the company’s system at Avia Solutions Group, a group of companies involved in the aviation business. As many as 83 of the strongest IT companies from 32 European countries took part in this annual IT-solution competition in the region.

During the prestigious European IT & Software Excellence Awards, which took place in London, DocLogix was recognized as the best information and document management solution in Europe this year.