IDC MarketScape 2023 Report | Contract Lifecycle Management

"CLM applications have really come to the forefront in the past couple of years. The tumultuous global events that led to the many supply chain disruptions have directly impacted interest in the capabilities provided by these applications. The days of CLM providers simply serving as authoring and repository tools are over. Buyers need the ability to quickly assess risk, drill into geographic and inflationary exposure, and predict the impact of potential future events. The CLM space has stepped up and is reaping the rewards."

— Patrick Reymann, Research Director, Procurement and Enterprise Applications

In this IDC MarketScape study, you can peruse robust criteria for evaluating a cloud-enabled and SaaS buy-side CLM solution vendor that can best serve your organization’s needs. Purchasing a CLM solution can prove challenging and time-consuming as you deliberate between various viable options. While prioritization of CLM attributes can vary, you’re most likely seeking a cost-effective solution that can help your organization efficiently manage contracts, contract budgets, risk variables, and more. Fortunately, in this report - that recognizes CobbleStone^® as a Leader - you can evaluate the 11 key performance metrics for making the right decision in choosing your CLM software provider.

11 Key Performance Metrics:

Functionality or offering strategy
Innovation
Delivery
Growth
Financial/funding
R&D pace/productivity (thought leadership)
Functionality or offering
Range of services
Customer satisfaction
Customer service offering
Portfolio benefits

IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. The Capabilities score measures vendor product, go-to-market and business execution in the short-term. The Strategy score measures alignment of vendor strategies with customer requirements in a 3-5-year timeframe. Vendor market share is represented by the size of the icons.

Complimentary Contract Lifecycle Management Report:

IDC MarketScape: Worldwide SaaS and Cloud-Enabled Buy-Side Contract Life-Cycle Management Applications 2023 Vendor Assessment

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The Report Evaluates 14 Cloud-Enabled Buy-Side Contract Life-Cycle Management Application Vendors Against 11 Key Performance Metrics.