Contract Lifecycle Management (CLM) is the proactive, methodical management of a contract. CLM software is a tool that helps automate that process.
When evaluating tools, price is always a topic of conversation and purchasing the most inexpensive CLM software isn’t always the best option.
When you reach 5-10 people involved in the contract process, you’re ready. That could mean 5-10 sellers, or five salespeople, one legal, and a sales operations person, etc. Look for contract management technology that is affordable, can be implemented in record speed, and offers significant time savings and productivity increases almost overnight.