The Contract Lifecycle Management market has exploded. A quick search on listing sites indicated there are an astounding 92 vendors which offer some form of CLM software.
One leading & highly reputed analyst firm which tracks this space said that they get at least 2 times the number of enquiries for CLM software compared to CRM and S2P space combined.
As per Gartner, the average legal department lawyer spends 25% – 40% of their time on work that doesn’t need to be done by a lawyer. A state-of-the-art contract lifecycle management solution can help you save this time and manual effort across the entire contracting lifecycle.
This eBook will help you run a quick check across 15 core capabilities if you are running a risk of a CLM graveyard and if your CLM software needs an overhaul.
And as we delve into the 15 points that define the “next-gen” CLM solution, we will explore the impact of each missing feature and functionality on your contract management processes.
What’s more? You can even use this 15-point check-list to create your RFP to evaluate CLM solution replacement.
