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Contract Lifecycle Management
CLM streamlines the creation, negotiating, and storing of contracts to close deals faster.
Don’t let the contract negotiation process stop you from closing deals faster.
contract errors by 5.6%
contract turnaround time by 22%
customer renewal rate by 73%
Shorten your sales cycle by 25%
Automate the negotiation of contracts
Send and receive redlined contracts via a secure portal. Route contracts to key stakeholders for review to speed up the negotiation. Quickly track all of the redlining and manage changes. Integrate with your CRM system to keep your opportunity updated.
Complete approvals quicker
Contracts are automatically routed to the appropriate person or department for approval. Automatically escalate contract approvals between business clients and legal staff. Speed up your approval process with parallel contract workflows—allowing multiple approvers to review contracts simultaneously. Keep sales compliant with company policies and automated approval conditions based on any contract criteria.
Enforce security through a repository
Establish a single, secure place for all contracts. Search all contracts in the repository by term, offering, or any other data using free text search. Access the contract repository from your CRM. Customize security settings based on contract and role.
Meet contract milestones and renewals
Get notified when a contract is coming up for renewal. Use the current contract as a starting point to speed up creation of renewals. Find areas for uplift and add-ons to grow contract value. Automate alerts that provide email notifications for contract renewals, milestones, and expiration dates.