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Contract Lifecycle Management – How to select the right platform?

Why we do it

The impetus behind our project, “Contract Lifecycle Management – How to select the right platform?” stems from the critical role that Contract Lifecycle Management (CLM) plays in virtually every business context. As businesses increasingly rely on CLM software to manage signed contracts, it becomes imperative to delve into the intricacies of selecting the right platform. CLM platforms extend beyond being mere repositories; they are integral to various aspects of the contract lifecycle, including template and clause management, drafting, negotiation, internal reviews, approvals, signings, obligations tracking, and analytics. Most importantly, a well-configured CLM platform, designed with end-users in mind, has the potential to elevate satisfaction levels throughout the contracting process, both internally and externally. Imagine a CLM platform not just as a tool but as a catalyst for transforming employees and business partners into happier and more engaged contributors to organizational success.

Klaus Gresbrand

How we do it

Our approach to the “Contract Lifecycle Management – How to select the right platform?” project revolves around a comprehensive understanding of the multifaceted role that CLM plays in modern business operations. We delve into the functionalities of CLM platforms, exploring how they go beyond the basics of contract repositories to become transformative tools. By dissecting the elements of template and clause management, contract drafting, negotiation, and the entire lifecycle, we aim to unravel the nuances that define an optimal CLM platform.

Through meticulous examination, we discern how a well-configured platform can enhance user experiences, fostering satisfaction within and outside the organizational boundaries. Join us on this exploration as we navigate the landscape of CLM platforms, seeking to empower businesses to make informed choices that elevate both efficiency and stakeholder satisfaction.

Whitepaper

This white paper aims to provide a comprehensive overview of functional, technological and other dimensions that should be considered when assessing whether a given CLM platform is right for your organization.

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Liquid Legal Summit 2024

Current issues such as decreasing enrollments, a lack of essential skills, inefficient processes, and digital disparities in justice indicate a deep-rooted crisis. Accelerated by AI developments, these problems particularly impact copyright and regulatory aspects of the legal sector. These topics will be discussed at the Liquid Legal Summit on July 4 at the Kameha Grand Hotel in Bonn, focusing on joint efforts to tackle these challenges.