Shaping the Future of GenAI-Embedded Services | Execo Edge | Contract Lifecycle Management (CLM)
11 Reasons Why CLM Implementations Fail—and How to Avoid Them
Implementing a Contract Lifecycle Management (CLM) system is a major investment, and it's one that holds the potential to transform how your organization handles contracts—from streamlining processes to enhancing compliance and boosting efficiency. But the stakes are high. A failed implementation can lead to wasted resources, disrupted workflows, and even legal risks due to mismanaged contracts.
The GC's Ultimate Guide to Successful CLM Implementation
Today, the role of the General Counsel (GC) is undergoing a profound transformation. CLM implementation is a key part of this transition, making it easier for legal teams to simplify their workflows and stay on top of contracts. Gone are the days when GCs were seen merely as gatekeepers or cost centers focused solely on mitigating legal risks. Modern GCs are now strategic partners, instrumental in driving value and fostering innovation within their organizations. This evolution necessitates a shift in how legal departments operate, particularly in the realm of contract management.