Contract Insights

You may have seen or heard the term CLM tossed around in conversations and online.  However, perhaps you do not have a comprehensive understanding of what it truly means.  Contract management professionals, including general counsel and paralegals, should gain at least some conversance with CLM and how digital contract management software tools can be leveraged for success in contract lifecycle management.  Read on to discover an introductory overview of CLM.

Managing contract functions can prove challenging when primarily relying on spreadsheets, shared drives, and other siloed platforms.  Without efficient contract functions, organizations can find themselves in a quagmire of inefficiency. Contract management functions require careful planning, the right technology, and a well-thought-out contract strategy.  Discover how you can automate eight key contract management functions with contract management software.

If you work within the IT industry, you may find that the management and oversight of a high volume of IT contracts of ranging complexity can require many moving parts.  If your organization is taking on IT contract management with manual contract management methods - such as those involving many filing cabinets, decentralized spreadsheets, and scattered emails - your team runs the risk of facing wasted time, squandered revenue, costly mistakes, and missed opportunities (among other harmful consequences).  Leave obsolete and damaging IT contract management methods in the past; tackle the following three IT contract management best practices with centralized and user-friendly contract management software.

A healthy contract management process should constantly be adapting to technological advancements.  As contract volume and contract complexity begin to grow, organizations must embrace digital transformation to be furnished with the right tools to streamline the contract management process.  Such innovative CLM tools can be found within a trusted contract management software system. Read on to learn more.