CLM combines art and science

• The two-part series examines contract lifecycle management .
• There was a comparison made between contract management and lifecycle management.
• The right-sizing process elevated CLM to the next level.

CLM has cleared the road for creative and scientific approaches to more closely meld together and become inexorably connected.

This two-part series investigates the development of contract lifecycle management, which has advanced at a breakneck pace in recent years.

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By the end of the 2010s, the first generation of contract lifecycle management was beginning to take shape as an end-to-end system and was on the verge of being fully enterprise-ready. However, despite their variety, each of these options came with a heavy price tag. Rightsizing, improving buy-side and sell-side options, and integrating AI-driven contract lifecycle management alternatives improved CLM.

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