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CLM platforms

The Benefits of AI in Contract Lifecycle Management

Contract lifecycle management, or CLM, refers to the management of all the processes involved in the initiation, drafting, renewing, and execution of a contract or any contractual agreement. There are different key stages in CLM to ensure the smooth functioning of the whole process. These key stages include initiation, authoring, process and workflow, negotiation and approval, execution, on-going management and compliance, and contract renewal. There are many kinds of software that makes contract lifecycle management…