Every meaningful business relationship is governed by a written contract. Contract lifecycle management (CLM) has historically focused on automating document creation and capture, creating a repository and providing essential workflow management for legal teams.
Today, nearly all parts of the business want to access contract data digitally, and, at the same time, legal functions are being asked to justify their expense. A new approach to CLM – a data-first approach – offers modern organizations a massive increase in legal productivity. It enables
enterprise-wide consumption of contract data, aligning business performance with legal commitments.
MGI Research and Agiloft will present the report's findings, highlighting actionable steps around the
following topics:
- What is a data-first approach to contract management, and how is it redefining CLM?
- How can your legal team maintain efficiency and risk controls while fostering collaboration with
the business.
- Practical approaches for your legal team to unlock highly valuable contract data and make it
accessible to colleagues in sales, procurement, and finance.
Published May 23, 2024.