Streamline the process of creating, negotiating and storing the Contracts
SAP CLM (Contract Lifecycle Management) automates the negotiation of contracts, speeds up approvals, enables effective change management while keeping track of redlining via a secure portal.
About SAP CLM
SAP CLM or Contract Lifecycle management enables businesses with an opportunity to increase productivity along with cost saving. SAP CLM makes contract renewal faster and easier thus making the process smooth for businesses and their customers.
Businesses deal with a lot of active contracts running simultaneously that might have different terms and conditions, here CLM can be of great help. CLM automates the complete process by ensuring contract compliance, capturing valuable data thus resulting in long term, significant benefits.
- Contract Drafting
- Authoring and Negotiation
- Storage Repository
- Managing Contract Change and Compliance
- Contract Renewal/extension
- Optimisation of Contract
Key Features
Advanced Online Negotiation Workspace
CLM’s ultimate goal is to save time and help business in closing the deal faster. While using CLM, you get an advanced online negotiation workspace where you can easily collaborate and track changes in real-time, so that you get the deals to the finish line faster.
Power of the Suite
Contract Lifecycle Management CLM has its own easy-to-use interface that provides complete assistance to the salespeople and/ or legal professionals working on the contracts. The clause library has a preapproved, already templated drag-and-drop workflow to make the process easy.
Pricing and Charging
The best part of using CLM is its ability to get interconnected with other applications like CPQ, thus providing deeper insight into deal health.
Manages Approval Workflow
Reduce time to market with CLM as it eliminates any blockages that might occur during approvals etc. Get contract approvals faster and decrease time to revenue with SAP CLM.
Stronger Integration
CLM offers you the flexibility to integrate with wide range of CRMs that you are comfortable with and thus allowing you to access contracts on a single platform.
Single-Source Repository
Get the added advantage of storing agreements in a single online repository with CLM. This helps businesses in getting optimised visibility, better compliance, and improved analysis capabilities.
