Contract Lifecycle Management
Contract Lifecycle Management (CLM) refers to the process of managing the entire lifecycle of a contract, from initiation and negotiation to execution, and monitoring, till the renewal or termination. It encompasses all the activities and stages involved in a contract’s existence within an organization.
A CLM solution is software designed to streamline and automate the entire contract management process. By centralizing contract data, providing collaborative tools, and automating key tasks, CLM solutions enhance efficiency, reduce risks, and improve compliance for organizations.
CLM Solution enables organizations to optimize their contract management processes by reducing administrative burdens and increasing operational efficiency. It also gives businesses better visibility into risks and contract milestones, in turn giving control over their contract portfolio and performance.
What Can You Expect?
Cacti Global undertakes all the activities from Step-3 for your Company
Resources and Case Studies
Through better visibility into Contracts’ exposure areas and milestones, we helped our client with risk remediation and identification sooner in turn avoiding penalties. Through our
Through setting processes for enabling Contract Automation and Tracking, we aided our client in realizing the ROI of their CLM tool. Our Managed Services which
A sneak peek into one of our projects where our Managed Services in Legal-Tech enabled our client to gain maximum value out of their CLM