Leveraging new technologies like cloud-based communication and collaboration is also a great idea, as cloud technologies have surpassed legacy applications at a ratio of two to one. ![]() You should also use these platforms’ compliance management tools and risk assessment functionalities. This means leveraging its automation features, integrating it with your other business systems, and making the most out of its collaboration options. To yield higher ROI from a CLM, you need to focus on using it correctly. However, simply owning a CLM software is not enough to reap its full benefits. After all, being equipped with everything from contract generation to enforcement can surely accelerate the contract management process. This is why contract lifecycle management (CLM) systems are powerful assets when it comes to expediting transactions and boosting productivity.
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