Growing businesses often struggle to manage the contract process effectively, leading to delays, risks, and frustration. This new Docusign publication, Guide to Contract Lifecycle Management, offers a comprehensive guide to contract lifecycle management (CLM), explaining what it is, how it works, and whether it’s the right fit for your organization. 

The guide explores the challenges of scaling businesses, key benefits of CLM, and practical tips for selecting the right solution. Whether you’re just learning about CLM or ready to implement it, the guide is packed with actionable insights to help your organization streamline contract management.

✍️ Key Takeaways:

• What is CLM? Contract lifecycle management is a software solution that automates and streamlines the contract process, helping organizations reduce delays, risks, and inefficiencies.
• How does it work? The core functionalities of CLM include documentation generation, collaboration, workflows, signature, storage, analytics, and integrations. Regardless of your industry, CLM solutions can streamline complex contracting processes and are most often used in legal, sales and procurement departments.
• Benefits of a CLM solution: CLM solutions help drive increased efficiency, increase productivity, reduced risk, reduced error rates, and better organization. 
• Common use cases: CLM can help businesses handle large volumes of contracts, improve collaboration across teams, and ensure compliance with minimal manual effort.
• Assessing whether you need CLM: The guide lays out criteria for assessing whether a CLM solution is right for your organization. 

💬 Community Chat: Share your thoughts on these questions or join the conversation in the comments below 👇

1. What are the biggest challenges your team faces with contract management today?
2. If you’ve implemented CLM, what benefits have you experienced, and what tips would you share with others considering it?
3. What features or capabilities do you think are most important when selecting a CLM solution?