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3 Steps to Master your Contracts with the Next Stage of CLM

Learn more about the evolution of CLM with digital contracting and see real-world examples of digital contracting, in action, from the experts.

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You want to be able to open this [CLM] up to every single user in your organization, give them the keys, [while] you set the guardrails and rules in the backend and let them go with it.

Chris Young, Ironclad General Counsel

Legacy CLM is not being used to its full potential. Unless your current CLM is built with two main goals:

1. The contract in mind

2. The business process behind it

– you’re not going to get the end result you’re looking for. The solution? A three-step framework to understand your business holistically and solve the business processes that slow contracts down, getting to the root of the issues and solving them.

Highlight review

Let’s review the highlights of our conversation:

  • Legacy CLM doesn’t work anymore. Things are changing rapidly – are your contracts keeping up?
  • Shifting mindset to prioritizing user experience and evolving your contract processes.
  • Making the leap to transform your contracting process with people, process, and data.

 

 

 

 

 

 

Watch Now: 3 Steps to Master your Contracts with the Next Stage of CLM

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Lessons Learned:

The Problem of CLM: The first step is admitting your legacy CLM doesn’t meet your needs anymore. Technology, on its own, can’t solve your problems. Using it, understanding it, creating processes with it, and connecting it to the rest of your business take good technology and make it great technology.

Shifting the Mindset: Modern business technology and processes need to move quickly and adapt seamlessly – including legal. Consider what you needed your CLM to do three years ago and what you need it to do now – is it the same?

Making the Leap: How and where do you start transforming your contracting process? Look at your current system and start thinking about if it meets your current customization needs, does it continue to innovate with technology expectations, and are the stakeholders happy with their user experience?

4 Questions to Ask your Current CLM Provider

  1. Can I customize workflows and make changes in real-time?
  2. Is it walkup usable?
  3. Can it handle all types of contracts? How about handling infinite volume?
  4. Are customers achieving desired adoption levels across the business?

Table of contents

Contract Negotiation Software: 5 Advantages of a Next-Gen CLM

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