An ironclad contract portfolio results from efficient contracting processes combined with deep contract visibility and has the biggest impact on the value of your business.
Depending on your company’s maturity, you may be looking forward to a financing event or a public offering. Perhaps you are considering spinning off a division of your business, or acquiring or merging with another. In situations like these, potential investors or partners will pour over your contracts looking for holes.
A watertight contracting process means your contracts are collated, clean, consistent, robust and searchable. Complete contract visibility allows access to the information necessary to evaluate your worth. What are you owed and what do you owe? How much risk have you assumed? How resilient are your contracts? Visibility means there are no surprises.
CLM is changing the game for the modern-day enterprise, with the flexibility to meet the needs of any department. For today’s enterprises, the deciding factors for implementing a CLM platform include the following three “universal” challenges. Which ones apply to you?
Bottlenecks are harming your revenue.
Too often we see bottlenecks in the legal department that severely slow sales cycles and decrease revenue. Not being properly equipped to handle the flow of contracts is probably leading to lost deals at this very moment. Stop re-inventing the wheel for every contract that needs to be assembled, and eliminate risk of manual human error, rogue contracting, and slow contract drafting times.
You can’t manage what you can’t see.
Imagine facing a financial crisis, a lawsuit, or another major negative event. How do you understand what your obligations are or what you are liable for? Being able to properly manage every single contract in your business and make informed decisions during a crisis starts with complete visibility into each of every contractual data point.
Leading industries around the world are using a contract lifecycle management platform, like Exari, to create, store, track, and analyze their entire contract portfolio and its data. These worldwide businesses are seeing major returns on investment, drastically decreasing their turnaround time, ramping up productivity, and reducing their enterprise-wide risk.
Exari Contract Lifecycle Management Software offers a suite of benefits tailored to the specific needs of your enterprise.