
Contract Lifecycle Management
With CLM, you can dramatically decrease the amount of time and resources required to initiate, approve and manage your contracts through the contract’s lifecycle.
Dramatically decrease time and resources
Contract Lifecycle Management
Managing your contracts is not just about making sure you’re on top of expiration dates. The benefits of using contract lifecycle management (CLM) software goes well beyond just administrative organization. Manage your contract intake, the contract database and the contract creation processes. Proper contract management is essential for any organization looking to minimize legal, financial, and brand risks.
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Features and Benefits of CLM
- Submitting a contract request
- Making sure the request has appropriate data
- Workflow approval of requests
- Merging that data into the contract
- Using task lists with calendar reminders and email notifications to accelerate the process
- Workflow stages and statuses with strict or ad-hoc approval chains
- Configurable actions that can be executed by users manually or automatically via system tasks
- Drafting contracts using clause and template libraries
- Executing contracts that involve negotiation, redlining, approvals, and signatures.
- Monitoring the entire process through a graphical dashboard from request to renewal
- Administration of expirations and renewals
- Governance of a defined process for contract creation and execution
Blog

The 7 Benefits of Contract Lifecycle Management
Contract management is about more than just renewing deals and establishing project parameters. It’s about ensuring your business stays compliant and minimizes any risks from both financial and legal perspectives. Contract lifecycle management (CLM) software not only helps organizations significantly reduce risks and stay compliant but also improves efficiency and cost savings. Learn more about …