How Healthcare Organizations can Implement a CLM System
If there’s one crucial lesson COVID-19 taught us, it’s that industries can find more efficient, effective, and electronic ways to offer their products and services to customers. Physical processes involve risks, such as minimal social distancing and increased chances of spreading COVID-19. While applicable to the business sector, how does electronic efficiency and effectiveness positively […]
5 Reasons to Use CLM Software for Contract Compliance Tracking
Contract Lifecycle Management (CLM) is an automated system that streamlines contract processes, such as initiation, authoring, process and workflow, negotiation and approval, execution, ongoing management, contract compliance tracking, and contract renewal during their critical stages. Contracts can become challenging to manage. However, due to the emergence of contract management software, companies can now track every […]
Why Implementation Is the Key to a Successful CLM System
Businesses often pay little attention to their contract lifecycle management, which can cause quite a number of setbacks when it comes to business operations and maintaining relationships with customers, companies, and employees. Improving your contract lifecycle management by undertaking a software system can be a step in the right direction. However, there’s more to successful […]
How CLM Differs from Traditional Contract Management
In the current increasingly digital landscape, should you still stick to traditional contract management? Searching for an agreement in a shared server or file drawer has long been the tried and tested method of searching for and comparing contracts with each other. With technological tools available, documents are now more accessible and searchable. However, what […]
KPIs to Stay On Top Of During Your CLM Implementation
Companies must understand that their contract lifecycle management or CLM process is very important when it comes to handling and mediating the business’s relationships. There is so much data involved, and it’s a must to keep tabs on every single part of it. Good contract management will lead to the proper information and insight needed […]
Breaking Down the Stages of Contract Lifecycle Management
When handling contracts, it’s always a good idea to track their progress from its early stages. This will ensure that all parties have a clear understanding of the whole process, allowing you to meet all the requirements and objectives that will promise optimal results. For this reason, many businesses rely on contract tracking software that […]