Out-of-the-box CLM solutions often meet corporate counsel’s needs more efficiently than building a custom CLM solution on an Enterprise Content Management (ECM) platform. What ECM platforms offer that the CLM vendors miss is Information Governance. Information Governance is an accountability framework to ensure proper handling of both documents and information within an organization to meet... Continue Reading →
Building a Custom Contract Life Cycle Management Solution on ECM
I’ve been researching the Contract Life Cycle Management (CLM) ecosystem which has started to overlap the Enterprise Content Management (ECM) ecosystem. In yesterday’s post, I grouped the CLM vendors into three categories based on the level of their out of the box functionality. But I really can’t give a perspective on CLM without addressing a... Continue Reading →
Novatus Contracts acquired by Cogna
Today Cogna announced several acquisitions that included Contract Life Cycle Management vendor, Novatus Contracts. Prior to the acquisition, Cogna provided generate and access contracts from inside Salesforce. The acquisition of Novatus Contracts adds these new capabilities: Contract drafting from template and clause library Review and approval workflows Contract records retention and Negotiation portal, that allows for... Continue Reading →
CLM Vendors in your mirror are closer than they appear
Contract Life Cycle Management (CLM) is one of the ecosystems where the lines between what that business solution solves and Enterprise Content Management (ECM) can solve are blurring. I spent the last few months researching the CLM industry from the view of ECM. What I’ve learned is that an entire CLM ecosystem has evolved independent... Continue Reading →
Contract Management is a Convoluted Landscape
Over the past few months I’ve been talking about how Enterprise Content Management is a platform and that the ECM landscape is changing. I’ve been noticing this trend where “new” to me vendors have been popping up on my radar. At first glance, I labeled each one as a niche vendor. As new names came... Continue Reading →
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