Cloud CLM (Contract Lifecycle Management) refers to a software solution hosted in the cloud designed to manage the entire lifecycle of contracts. This includes the creation, negotiation, approval, execution, compliance, renewal, and analysis of contracts. Cloud CLM systems offer several advantages over traditional on-premise solutions, such as improved accessibility, scalability, security, and cost-effectiveness.
Popular Cloud CLM providers include DocuSign CLM, Icertis, Conga, and SAP Ariba, among others. These platforms help organizations manage contracts more efficiently, reduce risks, and enhance compliance.
Key features of Cloud CLM solutions typically include Centralized Repository, Automated Workflows, Collaboration Tools, Compliance Management, Analytics and Reporting, Integration & Security.
