WisdomInterface
WisdomInterface

Building a contract lifecycle management business case

August 10, 2022
1 min read
Building-a-contract-lifecycle-management-business-case

Getting executive buy-in and funding to jumpstart a digital transformation

For teams looking to modernise their contract management processes with a contract lifecycle management (CLM) solution, the first step is answering the question: Why are we even looking for a CLM solution? Answering that question at a high level will help a team prioritise and allocate the resources necessary to evaluate the different vendors and solutions on the market. From there, teams should start working to create a business case that earns executive buy-in. If the business case lacks concrete outcomes and fails to demonstrate ROI, it will ultimately fall short in front of executive teams and is less likely to be funded.

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