Legal departments purchase a Contract Lifecycle Management (CLM) system with the expectation that it will be a panacea for all contracting woes, right off the bat. Despite the initial promise, some CLM implementations fall short of expectations, leaving legal teams with limited budgets to address gaps or inefficiencies that persist.
This paper is based on a discussion during our recent webinar, Unleashing Magic: Turning Your CLM Investment into a Streamlined Powerhouse, with Today’s General Counsel. Panelists identified and addressed common pitfalls in CLM implementations that can stymie the “magic” of these tools, as well as practical strategies to improve contracting processes and approaches for sustainable, continuous improvement that allow for growth and expansion.
Topics covered in the paper include:
- Planning for a CLM implementation
- A sustainable approach that drives scalability and continuous improvement
- The role of AI in CLM tools
