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Gatekeeper Contract and Vendor Management Glossary

Search common contracting language and take a deeper dive to discover what each means


CLM is an abbreviation for 'Contract Lifecycle Management'. 

This is an end-to-end process that involves the proactive management of contracts from initiation through to close out. It forms an important part of a holistic Vendor and Contract Lifecycle Management (VCLM) approach. 

VCLM software such as Gatekeeper helps you to automate and streamline your processes, allowing you to:

  • Gain complete visibility of your vendor contracts and what stage they're in
  • Automate manual work associated with routing contracts for approval and tracking renewals
  • Access a complete version history of actions made against a contract record
  • Monitor and mitigate contract risk after execution
  • Take control of your entire portfolio.