Once you’ve assessed the biggest drains on your resources, you’ll know where to start bolstering your tech stack with the right solutions. Most organizations also use fully integrated tools to complement every stage of the CLM process. Seamless oversight is a foundational must-have for effective contract management, but your tech stack shouldn’t end there. Today, there are end-to-end contract lifecycle management solutions like LinkSquares that help corporate legal departments write, analyze, finalize, sign, and store agreements from one centralized dashboard. Stages of Contract Management and CLM Tools That Can Help Whether you’re a project manager in a corporate legal department or part of a procurement team, contract lifecycle management (CLM) software can provide a strong start to improving relevant metrics like time-to-execution, cost-per-contract, and even employee turnover rates.ĬLM software sounds like it includes everything you need on paper, but the reality is that more than a third of companies using CLM solutions also leverage artificial intelligence (AI) tools to further optimize contract workflows and maximize results. In this era of accelerating technology, if you have a challenge, there’s probably a solution that can solve it.
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