Management

Contract repository software

Contract repository software
  1. What is CLM tool?
  2. What is CRM in contracts?

What is CLM tool?

Contract lifecycle management (CLM) automates and streamlines contract processes during key stages. These stages include: initiation, authoring, process and workflow, negotiation and approval, execution, ongoing management and compliance (within the repository), and contract renewal.

What is CRM in contracts?

In a nutshell, Customer Relationship Management is focused on the marketing and sales function of a company. CRM software permits a tremendous amount of information concerning customers (and potential customers) and the sales process to be digitally stored in a centralized location.

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