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Go Beyond Contract Management

With unmatched technology and category-defining innovation, Icertis pushes the boundaries of what’s possible with contract lifecycle management (CLM). The AI-powered, analyst-validated Icertis Contract Intelligence (ICI) platform turns contracts from static documents into strategic advantage by structuring and connecting the critical contract information that defines how an organization runs.

Icertis

CLM: Get Intelligent With Contracting

June 6, 2023
Business Execution
CLM
CLM process
contracts
+more

Contract lifecycle management (CLM) should be viewed as a circular process with multiple stages. Forrester has identified six stages of the CLM process. While creating a digital repository is an important initial step, it is just the beginning and organizations need to go beyond that to fully leverage CLM. The goal is to gain intelligence and analyze not just individual contracts, but entire portfolios of contracts.

By examining factors such as specific products, geographies, and business units, organizations can extract valuable analytics and insights. This enables better business management and optimization of the contract creation, execution, and servicing processes. Going deeper into CLM allows organizations to justify their investment and allocate necessary resources to maximize the benefits of the entire contract lifecycle.

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