Contract Lifecycle Management round

Contract Lifecycle Management

Automate your contract lifecycle management process

Organisations need to actively manage a range of contracts to prevent revenue loss, minimise contractual risk, and comply with regulatory commitments. Undertaking contract management manually is time and labour intensive as well as error prone. An automated approach can help manage this function end to end - from contract assembly through to termination.

Contract Management Lifecycle diagram

Contract Lifecycle Management Diagram
Two people discussing a contract on a tablet round

Key CLM benefits include:

  • Streamlined CLM process for contract production, supported by digital signature
  • Timely renewals and renegotiation of contracts to pre-empt revenue leakage
  • Self service contract development capability for business departments, supported by milestone checks and sign off processes
  • Automation extended to other business-critical documents, including insurance policies, HR policies, service level agreements and so on.

Due to the different ways of working, there isn’t a one-size-fits-all contract management system. We can help you to identify the best solution and approach for your business requirements.

 

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