Contract lifecycle management (CLM) solutions help shift legal functions from blockers to business accelerators.
Your Smart Personal Assistant eliminates repetitive tasks from your daily routine to free up your time for more in-depth subjects.
Manage your negotiations more efficiently and reduce the number of internal back-and-forths without effort.
Measure the performance of the legal department and provide evidence of the positive impact on the business to your management.
Sale, transfer, license, service provision, partnership... Each project is framed and secured by a contract. A company's portfolio of contracts is very valuable as it significantly contributes to its development and, more specifically, to the growth of its turnover.
Today, more than ever, it is essential to adopt a contract lifecycle management (CLM) solution to facilitate and optimize the contracting process, from inception to closing.
Lifecycle contract management (LCM) is a set of digital tools used to manage all phases of the contracting process.
With effective contract lifecycle management (CLM), your portfolio of contracts is more efficient:
· Costs related to manual processes are greatly reduced
· The contracts concluded are more profitable
· Projects are launched more quickly
· Contractual, financial and regulatory risks are under control
Contract lifecycle management (CLM)is part of the broader concept of contract management.
Indeed, contract management aims at optimizing the management of a company's contracts thanks to digital tools (a CLM solution, for example) but also through methods and processes (contractual negotiation techniques, regulatory monitoring etc.).
Contract lifecycle management (CLM) is therefore one of the aspects of contract management.
Find out how Leeway benefits everyone in your company.