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Contract Lifecycle Management eBook: Where to begin?
Content eBook
What is this eBook about
Once you see the benefits of CLM with structured data, you quickly become enthusiastic. You can make it as crazy as you want.
Of course there is the ease of use and the correct data. But also consider the monitoring during the drafting phase. Where and with whom does it stop? Or how about the link with an invoicing system?
There’s a smarter way to get started with CLM: Prove it works first. Then the rest will follow automatically.
Start with CLM in such a category. The pre-approved standard contracts can be completed by stakeholders themselves (just like consumers with a mobile subscription). You can also largely automate the signing and approval of standard adjustments. You will only be notified in exceptional cases.
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CLM with structured data
In companies, you often see that things are different. Lots of up and down emailing with versions. Someone who has to collect all the data.
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Implementation risks
Once you see the benefits of CLM with structured data, you quickly become enthusiastic. You can make it as crazy as you want.
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Where is the biggest profit?
In practice, we often come across the 80/20 rule. A large number of contracts (80%) generate only a small part of the turnover (20%). Actually, you don’t want to spend too much time on this.