Colin Levy, Director of Legal and Evangelist
Matt Patel, COO and Co-Founder
Contract lifecycle management is not just about contracts. It's about uniting business functions to manage important agreements together in harmony and harnessing contract data to make informed decisions.
- The evolution of legal from “cost center” to value creator
- Freeing up legal’s time spent on contracts by adopting a solution that allows teams to manage contracts collaboratively
Understand your use cases.
- What does an ideal outcome for your organization look like? Use the answer to that question to drive your evaluation of solutions.
Understand your existing pain points.
- Where do things go awry in your contracting process most often? Which teams/stakeholders do these broken processes impact the most?
CLM EVALUATION & ADOPTION
Outcomes: What does “good” look like for your organization? What do you want a CLM to improve?
Configuration/User experience: A CLM solution needs to be intuitive to empower business users beyond the legal team. End users and admins should be able to configure templates and workflows independently as business needs change with no reliance on the vendor.
Contract management ecosystem: CLM solutions should be one part of your contract management ecosystem. Extensibility is key. How can CLM support organizational initiatives by seamlessly integrating with existing business systems?