Contract Lifecycle Management Software
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Businesses in our era no longer handle contract lifecycle management (CLM) processes manually. The strategy is to use CLM systems and software to help manage contracts throughout their entire lifecycle.
There are many stages in the CLM system, like contract creation, negotiation, execution, monitoring, and analysis, to name a few. This process can be complex and intricate, and so CLM companies have opted to use software to optimize and automate contract-related tasks.
We approve and would like to help you understand CLM software a bit better. So, join us below as we cover CLM solutions, the top tools on the market, their limitations, and a few frequently asked questions on the best contract lifecycle management software.
Lets go!
What are my Salesforce CLM Solutions?
As Salesforce is the world’s most famous customer relationship management (CRM) platform, you probably need CLM software to streamline the contract-related processes in your business. And yes, if you get the right Salesforce solution, you can eliminate any paperwork or manual data entry from employee tasks. Here are a few more solutions you can gain from adding CLM software to your Salesforce ecosystem:
So, what are the tools on offer to help with CLM processes in Salesforce? We’ve got you covered. Keep reading!
Contract Lifecycle Management Tools for Salesforce
If you noticed, there are numerous CLM tools on the AppExchange marketplace and elsewhere that integrate with Salesforce to automate contract-related tasks and processes. These tools may be designed to work with Salesforce, but they are all not made with the same standards, objectives, and quality. For this reason, we have provided the top 3 CLM tools that you can integrate with Salesforce to let your employees create and manage contracts confidently.
DocuSign
First up, we have DocuSign. It’s super popular for its e-signing and CLM capabilities that integrate well with Salesforce.
Organizations that install and sign up for DocuSign can create, send, and sign contracts from within Salesforce if they integrate the two platforms correctly.
A DocuSign and Salesforce integration helps organizations reduce data entry tasks to achieve paperless CLM processes.
Conga Contracts
Next up on the list is Conga Contracts, which provides a CLM tool for managing contracts in Salesforce. Organizations can use Conga Contracts to complete the following manual contract-related tasks:
Titan CLM
We saved the best for last. Titan CLM can assist organizations in any industry that needs to create contracts and agreements.
With Titan’s contract lifecycle management tool, organizations can manage, review, and track contract changes directly in Salesforce for a complete view of the contract lifecycle. Stakeholders also get full visibility over content inserted or deleted into contracts in real-time, thanks to our deep Salesforce integration.
Limitations from the CLM Products
Even though DocuSign, Conga Contracts, and Titan CLM are top Salesforce solutions that can help you streamline contract-related processes, they are not perfect. Let’s take a look at the limitations of each of the CLM products.
DocuSign
Conga Contracts
Titan CLM
At the end of the day, the application that you decide to work with will depend on the unique requirements, budget, and skills of your teams. However, we hope that we have provided some clarity on what you can achieve with each of these solutions so that you can prepare on all fronts in your CLM processes.
Frequently Asked Questions
What is contract lifecycle management software?
The best CLM software is dedicated to helping contract lifecycle management companies streamline and automate processes related to contracts throughout their lifecycle.
How do you manage contract lifecycle?
A contract lifecycle consists of many stages that include contract creation, execution, monitoring, termination, and renewal.
As a manager of a contract lifecycle, you would need to engage in processes that ensure a contract is handled correctly at each lifecycle stage to minimize business risks.
What does a contract management software do?
It speeds up contract-related tasks with automation tools for the contract lifecycle.
The Best Software for Contract Lifecycle Management in Salesforce
That title has to go to Titan CLM. While Salesforce CLM solutions can help your organization close lucrative deals, software like this typically comes at a steep cost. Titan CLM is more competitively priced than leading alternatives, and our integration with Salesforce is twice as powerful.
Are you done with repetitive manual data entry tasks and scheduling meetings to sign contracts? With Titan CLM, you can digitize and automate all your contract lifecycle processes in Salesforce, ensuring you slash through at least 40 hours of manual work a month. And does closing deals 78% faster sound like a win? Sounds like one to us!
For more information, contact us on one of our social media channels below.
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.
