CLM for procurement: A 2024 industry snapshot
Make contracting your game changer
Procurement Contract Management
Fully leverage your contract data
Keeping the flow of contracts free from bottlenecks, enforcing purchasing procedures, and maintaining contracts in a central location – these are just a few of the nightmares that Procurement deals with every day. At Agiloft we understand where you’re coming from,
Benefits of Procurement Contract Management
Smooth as glass approval process
Automate even the most complex approval routing process to move and track signatures and provide easy audit information
Keep 'em in line
Easily enforce purchasing procedures with a centralized, automated workflow
Create contracts quickly
Create contracts instantly using standardized approved language with contract templates or dynamic clause libraries of fully customizable language for each contract type
Find it all in one place
Configurable dashboards, contract analytics, charts, reports, and saved views provide secure, central contract repository information in flexible formats
Be aware
Never miss a deadline or suffer an accidental auto-renewal with automated alerts, escalations, and assignments
Know what's going on
Quickly understand in negotiations where language has changed from one contract version to the next
2 weeks to 2 minutes: Improved procurement processes & reporting
“The level of information that Agiloft captures is amazing. It’s all done immediately.”
Procurement and the need for CLM
Procurement and sourcing teams touch contracts more than almost anyone in their organizations. Over the past several years, Contract Lifecycle Management has become less of a luxury and more of a necessity on the buy-side of the business. Read our study on how your Procurement peers are using CLM.
Read the report