Understanding the contract lifecycle is essential for legal, procurement, and contract management teams aiming to streamline operations. This guide explores the eight key stages of the contract lifecycle and how contract lifecycle management (CLM) software can optimize each phase for better compliance, efficiency, and collaboration.
The 8 Stages of the Contract Lifecycle
3 min read
Topics:
CLMS Return on Investment
compliance
contract authoring
Contract Compliance
Contract Compliance Software
contract life cycle management
Contract Lifecycle
Contract Lifecycle Management
contract lifecycle software
Contract Lifecycle Stages
Contract Management Process
contract negotiation
Contract Stages
contract writing
contract writing solution
e-sign
E-signatures
eSignature
Contract Management Software
Maximize ROI with CLM
signatures
CLM
CLM ROI
CLMS
Electronic Signature
electronic signatures
eSignatures
contract approval process
contract renewals
CLM Software
electronic signature software
IntelliSign
contract requests
legal requests
Stages of the Contract Lifecycle
The Stages of the Contract Lifecycle
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The 3 Contract Management KPIs for Success
3 min read
If you're trying to improve your contract management process, you’ve probably asked: What metrics actually matter? The answer comes down to three key performance indicators (KPIs): contract efficiency, contract efficacy, and contract risk. These KPIs help teams measure how well contracts are performing, how quickly they move through the lifecycle, and how much risk they carry.
Let’s break down what each KPI means, why it matters, and how you can track it effectively.
Topics:
contract tracking
ROI for Contract Management Software
CLM
electronic signatures
eSignatures
Contract Artificial Intelligence
Contract Management KPI
contract management roi
asset tracking
Web-Based Contract Management Software
contract automation
Contract KPI
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Why Is Contract Lifecycle Management Important?
4 min read
Contract management. To many, the phrase evokes images of crowded file cabinets with reams of paper, complicated email threads, and the constant fear that some critical bit of information will slip through the cracks. Such patchwork contract handling is all too common and entails severe consequences. Missed deadlines, noncompliance, and lost revenue are just a few of the potential catastrophes. But there's a better way of managing these key business agreements: contract lifecycle management (CLM). CLM is not all about electronic signatures for completing contract execution; it's an end-to-end approach that transforms contracts into strategic assets instead of liabilities. To that end, let's deeply explore why contract lifecycle management is essential.
Contract Reports for Robust CLM Data Analytics Oversight
4 min read
Collecting, analyzing, and tracking contract management data with manual and disparate processes throughout the contract lifecycle can prove challenging. You can waste time and energy without readily accessible contract management reports for the following.
- Contract Financials
- Contract Terms
- Workflows
- Budgets
- Key Performance Indicators (KPIs)
- Vendors
- Contract Compliance Data
- & Other Essential Contract Data
Fortunately, leading contract management software can provide you with contract reports for optimizing contract performance management oversight.
Topics:
Ad-Hoc Reports
Advance Reporting
Contract Lifecycle Management
Contract Management System
Custom Reports
Report Designer
reports
CLM
Contract Reports & Analytics
Contract Management KPI
CLM Software
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