The contract lifecycle management system makes communication easier between departments and contract stakeholders. Parties can collaborate to negotiate, share, and sign contracts in a single platform during the contract management lifecycle.
Our powerful contract lifecycle management(CLM) software offers integrations like Microsoft Teams, Word, Salesforce CRM, Dynamics CRM, and E-signature solutions to streamline the contract management lifecycle and increase productivity.
With our custom reporting and analysis capabilities, organizations can generate custom reports for every crucial process. Based on these aggregated contract data, they can gain valuable intelligence about contract performance, value, and compliance.
Utilize customizable contract request forms, pre-approved templates, and extensive clause library to generate competent contracts.
Online contract redlining and real-time document status updates can accelerate and simplify the contract negotiation process.
Customizable contract approval workflows make sure that the agreement gets to the right person at the right time for speedy approval.
Sign and execute contracts within the CLM software with secure e-signature solutions like DocuSign, Adobe Sign, and Sertifi.
Keep all your contracts and sensitive information in a accessible, searchable, and secure cloud-based repository.
Carry out contract analysis, reporting, tracking, amendment, renewal, termination, and all from a single platform.
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Remember:
Contract Lifecycle Management (CLM) is a systematic and methodical approach to managing the entire contract process. From creating the initial contract document with relevant terms and conditions to executing them with electronic signature solutions, the CLM platform takes care of it all. Even beyond signing, there are specialized tools to track deadlines, analyze performance, and monitor obligations.
Contract lifecycle management tools accelerate and automate tasks associated with every phase of the contract process for organizations that deal with a large volume of contracts. Templates and clause libraries can standardize the drafting process. Whereas, automated workflows can route legal documents through various stages of approval, review, and negotiation. Then there are digital repositories to store, search, retrieve, and organize contracts. They ultimately derive more value from their contracts while reducing manual effort.
A contract lifecycle management (CLM) workflow is the end-to-end process of managing contracts within an organization. It includes the creation, negotiation, approval, execution, and ongoing management of contractual agreements. Contracts have a lifespan, and organizations must track important dates, performance, and compliance. Digitalizing contracts and automation software can help businesses navigate the CLM workflow within a single platform with little effort.
A variety of organizations from various industries use CLM software to streamline and manage the entire lifecycle of their contracts. From healthcare to nonprofits, industries can customize the system to suit their needs. While it’s the top choice for the legal team and in-house lawyers, other departments, including sales, HR, procurement, finance, and operations teams, can utilize the platform to self-serve contracts.
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