Lifecycle Newsletter: Contract Management & CLM Email

To address these challenges, more teams are adopting managed services for contract operations. These services combine expertise, technology, and ongoing support to improve efficiency and reduce risk across contract lifecycle management. This guide explores what managed services entail, why organizations choose them, and the steps you can take to get started.

Contract administration services give organizations the expertise and operational support to manage contracts efficiently throughout their lifecycle. Instead of relying solely on internal resources, businesses can work with specialists who combine technology and legal operations knowledge to keep processes moving smoothly. This model provides scalable support for configuration, data accuracy, daily management, and ongoing optimization, without adding full-time staff.

By partnering with external experts, legal, procurement, finance, and sales teams gain a reliable extension of their own operations; one that manages configuration, data accuracy, and ongoing optimization while reducing risk and improving compliance.

Contract management support services give legal and business teams expert help across the entire lifecycle. The model most buyers choose today is Contract Operations as a Service, or COaaS. It blends platform configuration, data management, day-to-day execution, and ongoing optimization into a single, flexible service.

With limited resources and mounting workloads, teams are under pressure to do more without expanding headcount. Many are turning to Contract Operations as a Service (COaaS). By delegating operational tasks to external experts, business units can reduce internal strain, ensure compliance, and move contracts through the pipeline more efficiently.