Getting started with a new CLM? Watch this webinar to prepare your processes for new technology, learn what to look for in a CLM and learn how to set yourself up for success when implementing a new CLM.
Most contract managers are feeling overwhelmed by contract volume. In a recent ContractSafe Industry Survey 54% of in-house contract managers said they had too much work for one person or they were overwhelmed with manual tasks. But most organizations don’t have plans to scale the team. So they’re looking for Contract Lifecycle Management (CLM) tools to solve all their workload woes.
AI and automation tools promise to be the answer, helping contract managers do more with less. And every CLM boasts a laundry list of features to help you do just that. But if you have the wrong processes in place, adding new technology could end up making things worse. InnoLaw’s recent CLM Market Study found that 48% of organizations still have foundational improvements to make before implementing CLM systems. InnoLaw also found that of those organizations that have implemented CLM tech, 39% are dissatisfied with their current CLM system.
So what we are saying is, as you evaluate your CLM options, make sure you’re evaluating your own CLM readiness as well.
In a special joint webinar, we partnered with CLM expert Lucy Bassli, founder of InnoLaw, to lay the groundwork for long-term success with your CLM. This webinar will help you evaluate your current CLM approach, identify if you’re ready for CLM tech, and if so, pave the way for a smooth implementation.
View the webinar to learn:
It’s all backed by findings from two recent research reports from InnoLaw and ContractSafe.
Download the slides: CLM Made Easy from Evaluation to Implementation
Learn more about preparing for a CLMS in Lucy's guest blog post: CLM Readiness Considerations Before Diving into Tech.
Evaluate your CLM readiness with this free worksheet: CLM Readiness Assessment
Learn more about Ken's 6 Steps for Implementing a CLM in this blog: Conquer the Shared Drive of Chaos.
Calculate the ROI you could see from a CLM: Contract Management ROI Calculator