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Learn the Contract Management Basics

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5 Ways CLM Software Can Improve Revenue and Profitability

Contract lifecycle management (CLM) software improves business revenues and profitability by accelerating sales, reducing costs, improving security, & maximizing opportunity.

Contract Management Software Examples for Enterprise Users

The best contract management software offers features like automated workflows, AI-driven insights and metrics, integration with ERP, and more.

What is Contract Analysis Software?

Contract analysis software helps you reduce cycle times, improve negotiation outcomes, and proactively identify & manage risk and compliance.

Contract Visibility and Search

Create a single source of truth in your enterprise by consolidating all your existing contracts into a single, enterprise-wide repository. The Icertis platform enables the setup of all contract types and any associated metadata within a single system, with easy access to a centralized repository of all contracts, contract documents, contract data, contract terms, and related business transactions.

Contract Analytics: Making Your Business Better

Contract analytics brings a new dimension to contract lifecycle management, not merely automating your contracting processes, but also adding new insights and creating value.

Contract Negotiation & Collaboration

Contract negotiation is the process through which two or more parties deliberate over the contents of a contract to reach a legally binding agreement. The goal of contract negotiation is to come to an agreement that meets the needs of both parties. In order to achieve this, both parties must be willing to compromise and be open to discussing different options. Contract negotiation can be a difficult process, but it is important for both parties to remember that the goal is to reach an agreement.

RFx Management

Procurement managers can now better manage the request management process, RFx formulation, event management, and supplier evaluation costs and selection, while seamlessly integrating RFx processes downstream into the contract lifecycle.

What is Contract Compliance?

Contract compliance is the process of ensuring that a company is living up to the terms of its contract. This can include making sure that the company is delivering on its promises, meeting deadlines, and not violating any terms of the agreement. Compliance officers are responsible for ensuring that contracts are being followed and often work with legal teams to ensure any potential issues are addressed. Contract compliance can be important for businesses large and small, as violations can lead to expensive lawsuits or other penalties. By taking steps to ensure compliance, businesses can protect themselves from these risks.

What is Contract Risk Management?

What is contract risk management? Contract risk management assesses a contract's maximum value through compliance tracking by identifying, managing, and minimizing the potential risks throughout the contract lifecycle. This may include loss of opportunity, legal exposure if things go wrong, and potential business impact the contract will have on the involved parties.