REPORT: 2025 Annual ProcureCon Chief Procurement Officer (CPO) Report

CLM 101

Getting Started with Contract Lifecycle Management and Contract Intelligence

Do you know that you need help managing contracts and giving your organization a competitive edge but are unsure where to start? Right here! Learn contract lifecycle management basics, contract analytics, using AI for contract management and more to help you get the most value out of every contract. 

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What Is a Contract Management System?

A contract management system is a software that uses templates and clause libraries to standardize the contents of sourcing and sales contracts; digitizes and stores contracts in a central location; automates workflows focusing on contract creation and execution; and expands in volume as new contracts are added.

What is Contract Management Software?

Contract management software is designed to help lawyers and other professionals create, negotiate, renew, and collect data on existing business contracts.