Benefits of Contract Lifecycle Management
In collaboration with Anand Kannan, Research Analyst
The benefits of Contract Lifecycle Management are phased out over a period of time. There are financial quick wins in terms of Reduced contract cycle time, Expense Optimization and Profitable Agreements. Better ROI and Risk mitigation are realized over a period of time based on the level of adoption of CLM and its integration with other business functionalities. Operational efficiencies in terms of Streamlined Contract Management Process should be a key focus area for the organization.
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