PUBLISHER: QKS Group | PRODUCT CODE: 1445923
PUBLISHER: QKS Group | PRODUCT CODE: 1445923
Quadrant Knowledge Solutions Reveals that Contract Lifecycle Management Market is Projected to Register a CAGR of 12.3% by 2027.
Quadrant Knowledge Solutions defines Contract Lifecycle Management (CLM) as software that automates and streamlines the end-to-end contract lifecycle from creation, negotiation, approval, execution, analysis, and compliance to renewal/expiry. The CLM software also provides a centralized contract repository for all types of contracts and agreements, including contracts from vendors, business partners, customers, employees, and others. The CLM software often stores supplier data, contract terms, negotiated prices, and other information to provide centralized visibility, enabling companies to execute contractual agreements faster and more efficiently. The CLM software helps the organization minimize administration costs and improve contractual performance, operational efficiency, and regulatory compliance.