CLM

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.