Published: 17 October 2022
CLM vendors come from varied market segments, and their product functionality reflects their customers’ primary requirements, leading to uneven capabilities across the contract life cycle. Application leaders can use this report to compare vendors and their ability to support prioritized use cases.
Manual contracting processes can be inefficient and time-consuming. Often they create barriers to collaboration across departments and lack auditability.
Most organizations are early on their CLM maturity journey, and often prioritize specific parts of the CLM process when making a selection to address specific departmental pain points. For example, contract storage or repository and reporting to organize and track executed contracts.
Prolonged periods of market disruption and changing regulations increase pressure on organizations to improve efficiency and scalability in their contracting processes. More advanced CLM features, such as automated contract review, online negotiation and obligation management, help organizations increase efficiency
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Analysts:
As a companion to the Magic Quadrant™, a Critical Capabilities report scores competing products and services against a set of meaningful differentiators. It reveals which options are the best fit in various use cases to help you focus on the vendors best suited to your needs.
Narrow down the product and service criteria most important to you.
Use interactive features to customize usage scenarios based on your organization’s unique needs.
Use data to speed up provider selection and accelerate the procurement process.
We provide actionable, objective insight to help organizations make smarter, faster technology decisions to stay ahead of disruption and accelerate growth.
We use a Critical Capabilities report, the Magic Quadrant and more to ensure you select the best-fit provider to avoid the costly repercussions of a poor decision.
We benchmark pricing against the market so you avoid unnecessary charges.
We analyze contract terms and conditions to protect you against future price increases and unanticipated costs.
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