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Media-savvy content creator, with a curiosity for all Salesforce experiences.
CLM stands for Contract Lifecycle Management and consists of all the tasks and processes involved in managing contracts from end to end, starting with initiation and ending with termination, and everything in between, including execution, compliance, and renewal.
The lifecycle of a contract is a long and complex journey, so taking advantage of your Salesforce platform to help you streamline CLM processes is a brilliant idea. Salesforce has the necessary tools and features to help you manage contracts, so why not make the most of it?
If you want to know more about “What is CLM in Salesforce?”, you have come to the right place! We also have other fun topics to cover, like CRM and CPQ software comparisons, and the difference between CRM and CLM.
So, stick around till the end of the article to pick up all the extra content.
Now that we are all on the same page and understand that CLM includes all the tasks and processes involved in managing contracts, we can move forward and discuss “What is a CLM system?”.
CLM software are tech solutions used to automate the different stages of a contract management system. Organizations choose CLM software to improve tasks associated with managing contracts to reduce risks and adhere to compliance.
Creating accurate and professional contracts is key to building solid relationships with customers or partners, so we see why adding CLM software to optimize systems for Salesforce solutions is a no-brainer.
Are you looking for reliable CLM software that can integrate with Salesforce? Here are a few options that you could consider:
In terms of Salesforce, what is CRM and CLM? Although the acronyms are very similar, CLM stands for contract lifecycle management and CRM stands for customer relationship management. These are two very different platforms and approaches. They are both used in business to manage operations, but each system has a distinct purpose with its own set of functions and benefits.
Please take a look at our table below for a quick comparison between CLM and CRM software.
While we are comparing CLM software with CRM software, we should also do a quick comparison of CPQ software.
Configure, Price, Quote (CPQ) software is quite different from CLM software. Both software solutions are used in a business to enhance operations and workflows in sales and contract management, but they address different needs. Let’s take a look at the comparison table below to show you what we mean.
Contract Lifecycle Management (CLM) is used in businesses to manage contracts from the beginning to the end of a lifecycle. CLM software can help your company automate many tasks in your CLM processes.
They are two systems that streamline processes in your business. They can be integrated into Salesforce to assist with sales (CPQ) and contract lifecycle management (CLM) processes and workflows.
Salesforce CPQ (configure, price, quote) is now called Revenue Cloud.
Thank you for spending time catching up on CLM, CRM, and CPQ topics with us. If you are looking for a platform to assist you with custom solutions for your Salesforce experiences, feel free to contact Titan.
We can help you make your biggest deals in minutes with CLM for Salesforce. What do we have to offer? Titan CLM empowers your employees to redline, edit, and comment on any contract while tracking every step inside Salesforce with no code. You won’t look back when you collaborate with Titan.
Choose Titan today to start creating custom contracts, web forms, apps, eSignatures, surveys, and more! With Titan’s full suite of enterprise applications designed to integrate seamlessly with Salesforce data across your entire organization, you can’t go wrong!
We hope to see you soon!
Disclaimer: The comparisons listed in this article are based on information provided by the companies online and online reviews from users. If you found a mistake, please contact us.
Do you want Contract Lifecycle Management solutions from Titan for Salesforce?
Get in touch and schedule a demo with Titan today to uncover the best solutions for CLM!