Is Your Contract Lifecycle Management System Holding You Back? Unpacking the Pitfalls of CLM Technology
Las Vegas, Nevada — At recent legal technology conferences, discussions have frequently centered on the challenges surrounding Contract Lifecycle Management (CLM) systems. While these systems promise efficiency and improved metrics, many organizations find themselves grappling with disappointments, including poor user adoption and lengthy contract cycle times. A key issue faced by businesses is the lengthy duration from initiating a deal to finalizing a contract, known as contract cycle time. This includes all stages from drafting to obtaining signatures. For companies, the pressure is clear: expedite deals to maximize revenue. Unfortunately, many find that, after investing … Read more