Contract Life-Cycle Management Market is Expected to Reach
CAGR of 16.35% over the period 2014-2019: Radiant Insights, Inc
About contract life cycle management (CLM)
Traditionally, contracts were documented on paper and presented for any revisions or amendments till the
final version was prepared. Lawyers used to review the contracts manually, which was a time consuming
and error prone process. With evolution in technology, companies started managing contracts via the
electronic media. However, the electronic format of contracts have not enhanced the visibility of the
contracts, resulting in poor management of those contracts. With the adoption of CLM software,
companies enhanced the visibility of the contracts and, hence, were able to provide timely information to
make informed decisions.
CLM software allows companies to streamline the contracting process by automating the drafting of
contracts. It also helps negotiate, track, manage, and obtain optimal value from buy-side as well as sellside contracts. Demand for CLM software comes from sectors involving complex contracts, such as the
financial services, healthcare, manufacturing, and public sectors. Large enterprises as well as small
enterprises in these sectors are adopting CLM software to manage their contracts.
global CLM market to grow at a CAGR of 16.35% over the period 2014-2019.
View Full Report with TOC @ http://www.radiantinsights.com/research/global-contract-life-cyclemanagement-market-2015-2019
Covered in this report
The global CLM market is segmented on the basis of products and geography.
Technavio's report, Global CLM Market 2015-2019, has been prepared based on an in-depth market
analysis with inputs from industry experts. It covers the landscape of the global CLM market and its
growth prospects in the coming years. The report also includes a discussion on the Key vendors operating
in this market.
Key vendors
Apttus
CLM Matrix
Exari
IBM Emportis
Oracle