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Huron to Improve Contract Management Process

Zacks Equity Research

Leading business consulting services provider Huron Consulting Group (HURN) recently announced the launch of Huron Legal’s kCreate application. It empowers clients to manage contract process for corporate law and compliance departments.

The contract management process is very complex, and is rather slow and ineffective process in various organizations. With regulatory requirements, organizations are seeking more efficient management of contracts for enhanced visibility and performance. In an effort to meet these challenges, Huron Legal has improved its existing contract management offering. The new tool automates the contract creation process, facilitates reduction in costs and lowers the time and manpower requirements.

The new application helps legal organizations to effectively develop and manage their contracts by reducing risks and generating more revenues. The contract management process is custom-made for each organization allowing them clear visibility and greater control over the procedure. Additionally, Huron provides contract management system selection and implementation, contract discovery review and analytics and obligation management to support the contract management system.

Huron is focused on strategy, finance and technology services. It helps clients in diverse industries to improve performance, reduce costs, leverage technology, process and review complex data, and address regulatory changes. Huron Legal provides advisory and business services to law firms in order to enhance organizational effectiveness.

Huron currently carries a Zacks Rank #2 (Buy). Other stocks that look promising are NV5 Holdings, Inc. (NVEE), Coupons.com Incorporated (COUP) and The Hackett Group, Inc (HCKT), each having a Zacks Rank #2 (Buy).

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