Gartner: Fast-Track Creating a Contract Lifecycle Management Shortlist
Contract lifecycle management (CLM) solutions have become increasingly necessary for organizations to actively track documents from conception, through negotiation, execution and renewal. With these documents being used to manage crucial aspects of business ranging from sales quotes, to employee documents and legal agreements, meaning insight into each stage is critical. The CLM market has grown and become fragmented, making it difficult for buyers to pinpoint a tool that satisfies their specific contractual and industry needs.
The following steps, as discussed in this report, are key factors when creating a CLM shortlist:
– Assessing the complexity of your contract needs.
– Determining the types of contracts commonly used.
– Evaluating legal analytics requirements.
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