Contract Lifecycle Management Software
Contract Lifecycle Management (CLM) refers to the process of managing contractual relationships within an organisation, with the ultimate objective of reducing risks related to finance, legal and procurement matters. This is a proactive measure to avoid conflicts that may arise from the absence of contracts that are legally-binding in a court of Law. In line with this introduction, a CLM software can be integrated with CRM, quote management, and e-signature software, and used to effectively manage contractual relationships between companies and their vendors so that human interference leading to inaccuracy of data will be avoided as much as possible. This intervention allows businesses to have a unified view of all their contracts, financial records and contract portfolios hosted at a central location. Also, businesses are entitled to view milestones per contract reflected on their calendar, and configure the software to automatically send them alerts for important tasks and at preferred intervals. Some other features include digital signature, version control, dashboard reporting, contract drafting and push notifications, just to mention a few.
PAT Grid™ (Beta) for Contract Lifecycle Management Software
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