Tag: Contract lifecycle management

What is the difference between contract management and contract lifecycle management (CLM)?

Although contract management and contract lifecycle management seem synonymous at first glance, they are not interchangeable. When looking for ways to improve legal workflows in an organization, it is important to know …

Why is contract lifecycle management so important?

Contracts go through a long journey, with numerous stages between creation and execution. Without proper contract lifecycle management, a company can be exposed to serious financial and operational risks. Especially when …

Contract Lifecycle Management (CLM)

Contract Lifecycle Management (CLM) is the effective management of contracts and relationships between organizations through proper planning of all phases of contract management, resulting in the reduction, elimination …