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Why is Contract Management Important?

  • Contract Lifecycle Management (CLM) refers to the process of managing agreements (contracts) online or digitally from start to finish.
  • CLM software automates the processing for all stages of contract lifecycle, including initiation, negotiation, approval, e-signature, and review.
  • Adopting contract management software saves time, improves collaboration, enhances visibility, and increases productivity.
  • Contract Lifecycle Management helps businesses automate workflow and manage contracts efficiently, leading to better control, compliance, and visibility.

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