If you work with your organization’s contracts on an everyday basis, you may have realized certain inefficiencies and difficulties that come with using a manual contract lifecycle management (CLM) process. But until your management team realizes that your current contract process is less effective than it should be they may not recognize a need to pursue alternatives. In fact, most organizations don’t think of purchasing CLM software until they miss a critical deadline, fail an important audit, or lose thousands of dollars due to an automatic contract renewal. Prevention of these and other mistakes is exactly why your business needs CLM software.
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