CLM Blog

Contract Management Blog

Latest Blog Posts and Articles from Contract Logix.

What is the Contract Request and Intake Process?

Learn what contract request and intake is, how it works, why it’s important, and how to make it more accurate and efficient with CLM software. Contract request and intake involve all the activities necessary to initiate a new contract in your system.

What is a Clause and Template Library?

In contract management, a clause and template library allows organizations to standardize the contract building process using a set of preapproved, reusable objects. Contracts underpin most of an organization’s daily operations and need to be accurate, complete, and enforceable. In this post, you will learn everything you need to know about clause and template libraries.

What is Contract Workflow?

Learn what contract workflow is, the eight steps of the typical contract workflow, and how CLM software can make contract workflow more efficient. Every organization’s contract workflow is unique, but all workflow falls into the same general pattern, as you’ll learn in this article.

What is a Contract Management Repository?

If you are still using physical storage as your contract management repository, you’re losing access to vital business information that can help you optimize your CLM. In this article, we’ll discuss everything you need to know about a contract management repository and how you can benefit from modernizing your CLM.

What is the Importance of Procurement Contract Lifecycle Management?

Do you know how procurement contract management can benefit your business? Proper contract management can improve your organization’s procurement process in several ways, making procurement more efficient, more accurate, and less costly. Read on to learn why contract management is essential to efficient procurement.

How to Manage Contract Compliance with CLM Software

Noncompliance with government and industry regulations can be costly with consequences involving financials, security, brand, and other legal risks. It’s also important that your contracts comply with all internal business standards and policies. Fortunately, you can ensure and manage contract compliance using contract lifecycle management (CLM) software.

3 Important Phases of the Contract Management Process

Contract management can be complex but it’s easily broken down into three essential phases. Read on to discover what activities each phase includes and how your organization can use contract lifecycle management software to simplify, accelerate, and automate the entire process.

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