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5 Principles for a Successful Contract Lifecycle Management (CLM) Implementation

Contract Lifecycle Management (CLM) is a critical component of any successful business strategy. CLM provides businesses with visibility into the contractual processes, enables them to efficiently manage and track their contracts, and ensures that they comply with all applicable laws and regulations.

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Drive Enterprise-wide Digital Transformation with CLM

The COVID-19 pandemic turned the world upside down, compelling businesses to re-think strategies to accelerate digital transformation initiatives and keep up with the ‘new normal.’ As many as 80% of businesses fast-tracked their digital initiatives, revealed a survey by Dell, at the beginning of the pandemic.

click here to know more- https://www.sirionlabs.com/blog/drive-enterprise-wide-digital-transformation-with-clm/

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SirionOne connects all enterprise teams on a single, easy-to-use platform and delivers real-time insights across the contracting lifecycle for improved risk control, operational resilience and accelerated growth.

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For a digital transformation strategy to succeed, it is important to include contract lifecycle management as a part of the strategy. Contracts are the lifeline of a business. Organizations are a complex labyrinth of people, processes, technology, and partners, vendors, suppliers, contractors, and several other stakeholders. And the glue that holds all these entities together are contracts.

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Contracts are the foundational structure of business relationships and decision-making and one of the most critical goals of any effective contract management program is to ensure visibility and provide anytime-anywhere access to the enterprise contract portfolio.

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SirionLabs is the leader in enterprise CLM recognized for its innovations and stands out for its in-house developed and patent-pending AI technology. Its award-winning smarter contracting platform, SirionOne CLM, automates the end-to-end contract lifecycle on a single platform, connecting all enterprise teams and unlocking intelligence hidden in contracts.

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Gartner defines contract management as “a solution and process for managing the lifecycle of contracts created and/or administered by or impacting the company.