We're excited to announce the launch of Zoho Contracts—Zoho's innovative solution for contract lifecycle management (CLM). This latest addition marks a significant milestone in Zoho's journey to provide comprehensive software solutions for running an entire business on the cloud. Zoho Contracts enhances our already impressive suite of functions, including sales & marketing, finance, and HR, by introducing a crucial new category: legal and contract management.
With Zoho Contracts, businesses can now streamline their contract management process, ensuring efficient drafting, negotiation, execution, and monitoring of legal agreements. This powerful tool is designed to simplify the complexities of contract management while providing seamless integration with other Zoho services, empowering organizations to achieve greater control, visibility, and compliance in their legal operations.
Why modern businesses need a digital CLM
Contracts govern every penny that enters or leaves a business. If businesses are equipped with the right contract management software to manage them, they can transform contracts from static documents into strategic assets.
In a business landscape that keeps rapidly changing with the evolution of technology:
- Regulatory measures are cropping up more often,
- Global supply chains are becoming increasingly complex, and
- Sales models are growing more diverse.
This state of flux demands digital contracts that can be easily accessed and amended. A powerful contract management software lets you automate and streamline contract processes and unlock the real potential within them. With CLM, legal teams can save a significant amount of time that can then be invested in high-value tasks.
Our approach to contract lifecycle management
In addition to delivering efficiency in legal operations, a contract management software should also facilitate better business outcomes. To be able to achieve this, any contract management software should comprehensively address the following aspects of legal operations:
- Streamlining the entire contract lifecycle
- Improving governance
- Mitigating business risks
- Promoting cross-functional integrations
Don't miss out on the opportunity to revolutionize your contract management process! Experience the power of Zoho Contracts today by signing up for a free trial. Discover firsthand how this innovative tool can streamline your legal operations, saving you time and resources while enhancing compliance and visibility. Click the button below to start your journey towards more efficient and effective contract management. Unlock the full potential of your business with Zoho Contracts now!
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Frequently Asked Questions
What is CLM software?
CLM software stands for Contract Lifecycle Management software. It is designed to streamline the process of managing contracts, from creation and negotiation to renewal and termination. CLM software typically includes features such as contract drafting, electronic signature, contract repository, and analytics and reporting.
Who uses CLM software?
CLM software is used by organizations of all sizes and industries that need to manage contracts, such as sales contracts, vendor contracts, employment contracts, and more. CLM software can be used by various departments within an organization, including legal, procurement, sales, and finance.
How much does CLM software cost?
The cost of CLM software varies depending on the vendor, features, and deployment options. Some CLM software vendors offer pricing based on a per-user or per-contract basis, while others offer subscription-based pricing. It is recommended to request a quote from the vendor to get an accurate pricing estimate.
What does CLM stand for in contract management?
CLM stands for Contract Lifecycle Management in contract management. It refers to the process of managing contracts from creation to execution, renewal, and termination. CLM software is designed to automate and streamline the contract management process, helping organizations to improve efficiency and reduce risk.
What is CRM vs CLM?
CRM stands for Customer Relationship Management, while CLM stands for Contract Lifecycle Management. CRM software is designed to manage customer interactions and relationships, while CLM software is designed to manage the contract lifecycle. Although there may be some overlap in functionality, these two types of software serve different purposes and are used by different departments within an organization.