Summary
You can use contract lifecycle management (CLM) software to create and negotiate new contracts, manage individual contract compliance, and understand the risks, obligations, and entitlements in your contract portfolio. But to access these benefits, you'll first have to select from a diverse set of vendors — vendors that vary by size, functionality, geography, and vertical market focus. CIOs and their business partners in legal, sales, purchasing, and finance should use Forrester's Now Tech report to understand the value they can expect from a CLM provider and select vendors based on functionality and relevance to contract needs.
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