Opinions and discussion on content management by one of the biggest guys in the business. *Measured by weight not volume
Traditionally, the focus of electronic document solutions has been on the large, paper-intensive processes that exist in the front office. The common back-office challenges of contract management, employee file management, and accounts payable ended up last on the list of priorities. However, digital transformation has put pressure on all parts of the organization to improve... Continue Reading →
In my survey of Contract Life Cycle Management (CLM) vendors, not one CLM vendor encompasses all of the current functionalities in a single solution. and some offer them at different levels. Here is my "Dream Team" of features for a single CLM solution. This is what each phase of CLM would look like if all... Continue Reading →
As I dig deeper into Contract Life Cycle Management, I’m finding a lot of interesting tidbits. I already said that I was surprised by how large the market is already. My next big shock is that it’s not only customers that are buying CLM but the investment community as well. Apttus Apttus has a CLM... Continue Reading →
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 →
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 →
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 →
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 →
The Enterprise Content Management (ECM) industry is quickly coming to a junction. One I believe is as big as in 2000 when Electronic Document Management (EDMS), Web Content Management (WCM), and Digital Asset Management Vendors (DAM) came together to form Enterprise Content Management (ECM). While ECM vendors have been pushing the strength of a single... Continue Reading →
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