Professional Documents
Culture Documents
Management [CLM]
Bridging procurement
and supply
management
8,200
4,000
60%
73%
12% to 15%
of corporate litigations
are related to contract
disputes
of contracts lost or
unaccounted for in
organizations
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cts
supplier compliance
to contracts
Missed cost
savings
66% - Better
control of
enterprise spend
Increase in the
contract cycle
time
34% - Visibility
into supplier
performance on
contracts
Lack of
visibility
44% - Visibility
into contractual
agreements
Error-prone contracts
40% - Reduce supply and
[Source: Aberdeen Group, November 2011]
supplier risk
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cts
Why do best-in-class
organizations use CLM
solutions?
To identify
opportuniti
es for
savings
To prevent
inefficienci
es
To improve
Process
standardization
Contract
compliance
Transparency in
procurement
To
reduce
approva
l times
To realize
more
negotiated
savings
To
understand
existing
contractual
obligations
To bring more
spend volume
under
management with
spend analysis
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cts
Impact on the
bottom line
79%
1.38x
of spend under
management
17%
6X
reduction in cycle time
71%
of e-signature
users have seen
efficiency
2X
77%
more likely to review
achievement of
milestones/status
of contracts
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cts
Knowledge
management
80%
30%
63%
claim improved
compliance to service
level agreements
62%
claim improved visibility into
supplier performance management
20%
more likely to have a legal
library of clauses, terms
and conditions
92%
more likely to
search their
contract repository
by keywords, full text,
or terms
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cts
64%
19 days shorter
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cts
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cts
Reduce expenses
and costs associated
with contractual
documents, systems
and processes
Take contract
maintenance out of
the hands of legal
counsel
Improve
auditing
contract
systems and
processes
Create common
policies and
procedures
Maximize
saving
opportunities
Focus on
increasing
efficiency and
driving cost
savings
Control risks and
improve
profitability
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cts
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cts