Managing contracts can be challenging - especially when primarily relying on outdated tools such as spreadsheets, emails, and shared drives. Without accountability, visibility, and actionable insights, you can find yourself confronting contracting workflow bottlenecks. Enterprise contract lifecycle management (CLM) requires careful planning, the right technology, and a well-planned contract strategy.
To gain the most out of enterprise contract management, take advantage of seven best practices. Enterprise contract management best practices involve contract lifecycle management software. CLM software digitally unifies processes from contract requests through renewals. It provides a centralized, web-enabled, single source of truth for contracts.
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