How mature is your organization’s Contract Management?
“In contract life cycle management, data migration is too often an afterthought. This negatively impacts vendor selection, implementation and tool adoption.”Legal operations and technology leaders can easily avoid common contract data migration mistakes by following three key steps:
- Centralize and inventory contracts
- Narrow the scope of contracts
- Discuss and plan your data migration upfront during vendor evaluation
The Gartner® report “Quick Answer: How to Prepare for Migrating Legacy Contract Data Into a CLM Solution” provides a Data Migration Prioritization Matrix that ensures an organization’s success in CLM journey with a right legacy data migration strategy.
You will also discover how technology-enabled contract data migration is a better option to augment efforts of CLM implementation and the impact it has on user adoption.
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Gartner, Quick Answer: How to Prepare for Migrating Legacy Contract Data Into a CLM Solution, By Kerrie McDonald, Patrick Connaughton, 15 October 2022.
