1. Contract Management Software

2. Contract lifecycle management (CLM) Software stores and manages:
Legal agreements
Vendor contracts
Leases
Licensing agreements
Contract management software is a program or series of related programs for storing and managing legal agreements such as contracts with vendors, leases and licensing agreements.

3. The Purpose of CLM software:
Streamline administrative task
Reduce overhead
Provide unified view of contact process

4. CLM Software can also:
Follow contracts through reviews & approvals
Provide documentation for digital signatures
Generate the contract in Word, PDF
Include post-execution tracking

5. In enterprises, CLM can be used to:
Manage new contract requests
Capture data related to contract
Document authoring
Track contract creation & negotiation.

6. CLM provides business owners with better visibility into the status of a specific contract and facilitates reporting & compliance.

7. Contract Management Software provides
alert notification for critical contact renewal dates.

8. Some low-end CLMs simply provide:
Templates and guidelines
Creation & storage of hard-copy contacts
More robust CLMs provide ability to:
Create and manage contracts
Store in an electronic database
Automate contract lifecycle management

9. Losing Money “ Of an Organization's ContractsTo
Underperform….. Translating into 9% of annual revenue”
- Association for Contract Management (IACCM)
$50 Million business is losing $4.5 MILLION per Year!