Encourage your internal partners to work with you to build a business case to support the purchase of a Contract Lifecycle Management (CLM) solution will “improve operational efficiencies, reduce risk, and optimize profits throughout the contract lifecycle.”


Wait until you find money in your budget to invest in a CLM solution.


As Wolters Kluwer suggests manual systems are inefficient and contribute to:

  • Extended cycle times slowing revenue flow
  • Lack of audit trail necessary for compliance evidence
  • Disorganized storage of executed contracts making it difficulty to find contracts and ensure compliance
CLM tools offer:
  • Integrated clause library in line with business rules ensuring use of preapproved language.
  • Configurable, rule-based workflow engine automating compliance policy
  • Automated capture of contract metadata
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