The rising need to reduce, eliminate, or mitigate risks related to legality, financing, and procurement is driving the contract lifecycle management (CLM) market growth. Additionally, CLM software allows users to maintain documentation related to pricing, dates, and information regarding internal & external entities involved and signatories. The growing demand for a central repository for efficient contract lifecycle management software among enterprises across various sectors is proliferating CLM market growth. The profound impact of technology on how contracts are managed is gaining momentum globally as more companies are realizing its extensive benefits as a business value driver.
We need a CLM solution that goes far beyond the basic necessities. We need a solution that offers a number of ways to drive business value. CLM should help organizations maximize the value from their core contract assets. In our new white paper, A Roadmap to Evaluating Contract Lifecycle Management Technology, we offer some useful insights about:
- CLM Market Trends
- Sources of Business Value
- Features and Benefits of the Best CLM Solutions
The market for best of breed contract lifecycle management solutions has grown significantly in recent years and all signs indicate that this momentum will only increase in magnitude in the near and long term. Companies now expect more than just the basics in a CLM solution; they want a system that not only handles all the workflows involved in contract management, but also a solution that drives business value. Learn how to identify the most important business value drivers to look for in a contract lifecycle management solution in our white paper.