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.