CLM: Get Intelligent With Contracting

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.

Recent Episodes

As organizations face mounting pressure to modernize legacy processes, legal departments are transforming into broader strategic partners. At the intersection of digital transformation and legal innovation lies contract lifecycle management (CLM), a function increasingly viewed as a business-critical discipline. According to a McKinsey report, companies that optimize CLM processes can reduce contracting cycle times by…

As the complexity of federal contracting deepens with each new regulation, executive order, or technology shift, agencies are searching for clarity and cohesion. With AI and digital transformation taking center stage across public and private sectors alike, the stakes have never been higher—especially when it comes to making taxpayer dollars count. According to the U.S….

As AI reshapes enterprise operations, one of the most overlooked assets in digital transformation is a company’s contract history. These “heritage” agreements, once deemed outdated or archival, are now emerging as a goldmine of operational insight—especially when powered by AI-driven contract lifecycle management (CLM) tools. With nearly 60% of executives believing that contract data is…