Contract Lifecycle Management

Contract Lifecycle Management (CLM) is the process of managing the entire lifecycle of a contract from its creation to its expiration. It includes all aspects of the contract, from negotiation and drafting to execution and performance.

CLM software is designed to help organizations manage contracts more efficiently and effectively. It automates key processes, such as contract creation, approvals, renewals, and amendments. CLM also provides a centralized repository for storing and tracking contracts. This enables organizations to gain visibility into their contractual obligations and performance.

CLM can help organizations improve their contract management practices, save time and money, and reduce risk. By automating manual processes, CLM frees up resources that can be devoted to more strategic tasks. And by providing visibility into all aspects of the contract lifecycle, CLM helps organizations identify risks and opportunities for improvement.

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