Why Contract Lifecycle Management Technology is Critical for the Modern Business

The demand for contract lifecycle management (CLM) solutions is rising across enterprises in the legal, public, healthcare, manufacturing, and financial services sectors. This growth comes as no surprise considering the tremendous value CLM solutions offer. According to the Association of Corporate Counsel (ACC), contract management tools can dramatically shorten cycle times; in billion-dollar companies, legal departments that employ contract management technology reduce their average contract cycle time by 33% (from 30 days to 20 days).

Read this white paper to better understand:

• The drivers behind the growth in demand for contract lifecycle management solutions
• The primary sources of business value from contract lifecycle management software
• What to look for in a contract lifecycle management solution to maximize value