CLM trends 2024

End-of-quarter rush: Why sales and legal partnership is key to closing deals

When sales teams rush to close deals at the end-of-quarter, legal teams often face immense pressure. They must create, review, and approve a sudden inflow of contracts while managing frequent updates and urgent approval requests from sales. This huge workload can lead to miscommunication, delays, and frustration for both teams. The key challenge is maintaining […]
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contract data

Boosting sales efficiency with contract data: A practical guide

Contract data provides sales teams with valuable insights that help identify inefficiencies in the sales cycle. By tracking key metrics like contract cycle times and approval bottlenecks, teams can pinpoint where delays occur and take proactive steps to address them. This data-driven approach allows sales teams to optimise their workflows, ensuring contracts move through the […]
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auto-renewals

How to prevent costly contract auto-renewals: A practical guide

Contracts often include auto-renewal clauses that ensure continuity, helping businesses avoid service disruptions and administrative hassles. While these clauses can streamline operations and save time, they pose financial and operational risks if not adequately controlled. Without proper oversight, organizations may miss renewal deadlines, leading to unnecessary costs, unproductive terms, or missed opportunities for better vendor […]
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CLM integrations

CLM Integrations: Unlock the full potential of your contract management solution

In today’s dynamic business environment, contracts must move beyond static documents to actively support operations. Yet, when enterprise systems can’t effectively talk to each other, contracts often sit idle, disconnected from the workflows they’re meant to drive. By connecting CLM systems with tools like ERP, CRM, procurement, and finance platforms, businesses can ensure that contractual […]
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self-service contracts

Mastering self-service contracts for faster, more efficient business

Self-service contracts transform how businesses handle agreements by reducing delays, streamlining processes, and empowering departments with greater autonomy. By automating routine contracts such as NDAs, vendor agreements, and more, businesses can save valuable time, improve compliance, and maintain consistency across agreements. In this guide, we’ll break down how self-service contract management works, explore its benefits, […]
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