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.
CLM software such as Gatekeeper helps you to automate and streamline your processes, allowing you to:
- Gain complete visibility of your contracts and what stage they're in
- Automate manual work associated with routing contracts for approval and renewal
- 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.