CLM is a process of centralizing contract storage, strengthening compliance, and automating the creation, execution, and management of any type of contractual agreement.
Key stages of Contract Lifecycle Management includes initiation, authoring, process and workflow, negotiation and approval, execution, ongoing management and compliance (within the repository), and contract renewal.
Objective of CLM implementation is to empower any organization with a tool that creates customized templates, consistent terms and conditions and optimize time and resources by minimizing errors.
Such contract management software is tailored to provide more visibility into the corporate arena, enhance efficiency into the contract process and minimize administrative costs.
We provide a holistic one-stop solution from vendor selection to product implementation and program management along with policy / process design to legacy contract migration and analytics.