Is Contract Creation an Important Part of Your Contract Automation? Then Don’t Do It Using CLM Software

The contract process divides neatly into two parts: stuff that happens before a contract is signed, and stuff that happens after.

I never get involved with what happens after signing, unless it has to do with amending a contract. But I try to keep informed, which is why I’ve sniffed around contract-lifecycle-management (CLM) software. See for example this 2007 post. The big names of CLM software include Apttus, Emptoris, iMANY, and Selectica.

CLM software originally involved helping companies keep track of information and deadlines in contracts, but it has become more ambitious, in that you can now use it to create contracts. That’s my turf, so I’ve recently taken a greater interest in that side of CLM software. And what I’ve seen isn’t encouraging.

Above is part of a post on Contract-Automation Clearinghouse. To see the rest, go here.

Contract-Automation Clearinghouse is where I now put my posts on contract automation and related topics.

 

About the author

Ken Adams is the leading authority on how to say clearly whatever you want to say in a contract. He’s author of A Manual of Style for Contract Drafting, and he offers online and in-person training around the world. He’s also chief content officer of LegalSifter, Inc., a company that combines artificial intelligence and expertise to assist with review of contracts.