TECHNOLOGY
Understanding CLM in supply chains CLM software manages the entire contract lifecycle from creation and negotiation through execution, compliance monitoring and renewal. It automates repetitive tasks such as contract drafting, review routing and renewal alerts, reducing manual errors and bottlenecks.
For example, CLM can automate supplier contract approvals, track service level agreement compliance, and provide real-time insights on key milestones. This ensures that all
9 %
of revenue leakage is reduced by effective contract management by minimising errors and risks that cause financial losses
World Commerce & Contracting
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