How CLM Takes Legal Teams From Cost Centers to Business Partners
Contract lifecycle management software handles the whole lifecycle of a contract...
50% of business leaders report that contracting inefficiencies have resulted in lost revenue.
By implementing a CLM solution that delivers real results, you can ensure you’re aligned with business goals, increase efficiency, and drive growth for your entire organization.
In this webinar we will cover:
- Why business contracts are the most difficult yet important problem for modern businesses to solve
- The current CLM landscape and how to successfully choose the right solution
- How digital contracting delivers more business value through successful deployments, high adoption rates, and a community of innovators
Here’s some really important things you should remember:
- Think holistically
- Engage comprehensively
- Don’t stop with CLM when the contract is signed
- Take advantage of new AI functions
Watch Now: How CLM Takes Legal Teams From Cost Centers to Business Partners
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Lessons Learned from CLM Implementation:
Land and expand: There are a lot of stakeholders with different points of view and priorities. Don’t try to do an end-to-end roll out managing every contract type and pleasing all stakeholders at once. Instead, consider the ‘land and expand’ strategy where you focus on one group and roll something out there.
Clean up your own house: Tech isn’t going to solve everything, so do the work to get ready for the tech. This means template harmonization, unify processes, terminology, taxonomy, etc.
Focus on adoption: The most important piece for tech project success is adoption. At Google, we had two very simple, but important guiding principles to ensure maximum adoption
1. It has to be markedly easier and better than the old way
2. If it requires training, it’s dead. You need your new tool to be as intuitive as possible. Here, we call that ‘walk-up usable.’ Adoption is key because the real value of CLM is data. If there’s no adoption, there’s no data.
Ironclad is not a law firm, and this post does not constitute or contain legal advice. To evaluate the accuracy, sufficiency, or reliability of the ideas and guidance reflected here, or the applicability of these materials to your business, you should consult with a licensed attorney. Use of and access to any of the resources contained within Ironclad’s site do not create an attorney-client relationship between the user and Ironclad.
- Key takeaways
- Watch Now: How CLM Takes Legal Teams From Cost Centers to Business Partners
- Dive into something interesting
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