Clm Platform Definition
The CLM platform is a cloud-based, end-to-end solution that enables organizations to manage their critical supplier relationships and drive performance improvements. The platform includes an integrated supplier relationship management (SRM) system and a set of best practice processes and tools for managing supplier contracts, performance, and risk.
The CLM platform is designed to help organizations streamline and standardize their SRM processes, improve visibility into supplier performance, and make better decisions about which suppliers to do business with. The platform includes a robust set of features for tracking and managing supplier information, contract terms and conditions, performance metrics, and risks.
Organizations can use the CLM platform to collaborate with suppliers on contract negotiations, performance management, and risk mitigation. The platform’s built-in workflow functionality enables organizations to automate and standardize their SRM processes, making it easier to manage large numbers of suppliers.
The CLM platform is available as a subscription service or as an on-premise solution. It integrates with leading enterprise resource planning (ERP) systems, such as SAP ERP and Oracle E-Business Suite.
