Manage your contracts efficiently, throughout their lifecycle
Centralize, automate, collaborate, analyze… to reduce risks and control costs
Accelerate the costing of your complex products and increase your sales!
Integrating a CLM software solution offers a considerable strategic advantage for companies of all sizes and in all sectors. This powerful, versatile technology simplifies the entire contract management process: from initial negotiation to signature, execution and follow-up, not forgetting the management of renewals and terminations.
CLM thus enables organizations to maximize the value of their contractual commitments while reducing potential risks.
A CLM solution lets you store and manage all contracts in one place, providing a centralized overview of the contract portfolio. This facilitates content search, access management and contract monitoring (event alerts), and reduces the risk of important documents being lost or forgotten.
By automating contract-related tasks and processes, CLMsaves time and reduces manual errors. Features such as contract template creation, renewal reminders, validation workflows and automatic notifications help speed up and simplify contract management processes.
A CLM solution enables you to better manage the risks associated with your contracts. It can include features such as predefined clauses and contract templates that comply with current regulations, helping to reduce the risk of non-compliance or litigation.
Consistency in the terminology and phraseology used in your contracts is important. Any deviation from standardized formulations can lead to risk or confusion.
If you can’t check the accuracy of the wording of your contracts, or spot any observable differences from one contract to the next, you run the risk of having to systematically involve your lawyers. Such inconsistencies can also lead to non-compliance or loss of earnings.
What’s more, by providing better visibility of contractual clauses, deadlines and obligations, a CLM solution enables more informed decision-making and reduces operational risks.
CLM solutions facilitate collaboration between the various stakeholders involved in the contract management process.
They enable secure sharing of contracts, comments and modifications, facilitating communication and coordination between legal teams, sales departments, suppliers and customers.
Thanks to more efficient contract management, you can identify opportunities for savings and advantageous renegotiations with suppliers or customers. CLM also makes it easier to track payments, tariff clauses and renewals, contributing to better financial planning.
A CLM solution offers advanced monitoring and reporting functions.
It enables you to monitor contract status, deadlines, obligations and performance. This information can be used to assess supplier performance, negotiate better contract terms and make data-driven strategic decisions.
Our consulting firm is made up of a team of consultants with significant experience in deploying CLM solutions. Our team will support you throughout the integration project, to ensure that you achieve your objectives in terms of risk management and operational efficiency.
Answers from an expert in Quote-to-Cash solutions
Welcome to our FAQ section dedicated to CLM solutions. Here you’ll find answers to the most frequently asked questions about the life cycle from configuration to collection and renewal.
Integrating a CLM software solution can significantly improve contract management by eliminating manual processes, reducing errors, speeding up negotiation cycles and optimizing collaboration between internal and external stakeholders.
This helps increase your company’s efficiency, productivity and profitability.
A complete CLM solution must offer a number of essential functions to optimize contract management:
CLM improves regulatory compliance by ensuring rigorous contract management. It identifies and monitors contractual clauses linked to legal obligations and specific standards. With complete visibility over all contracts, you can ensure that contractual commitments comply with current legal requirements. What’s more, CLM makes it easy to update contracts in the event of regulatory change, add compliance clauses and trigger alerts for important deadlines. By centralizing all information, the CLM helps companies to avoid the risks of non-compliance, reduce the costs associated with regulatory violations and maintain an exemplary reputation for compliance with stakeholders and the relevant authorities.
Most CLM solutions are designed to be compatible with existing business systems and software: ERP, CRM, management systems, etc. These solutions are equipped with connectors and APIs to facilitate integration without disrupting the operation of other systems.
Despite this compatibility, setting up these connectors can be tricky. It is therefore preferable to entrust integration to an integrator such as ITCelerator. Our consultants have the technical expertise to ensure smooth, secure integration.