CLM Implementation and Optimization
Accelerate business through efficient contracting, enterprise-wide automation, and visibility to contracts insights.
Whether your organization is considering a CLM for the first time or is ready to expand or optimize an existing CLM, partner with experts to improve your contracting process at scale. Accelerate contracts cycles, increase visibility, improve compliance, reduce costs, and enable collaboration by automating the contracting process.
Leverage the top CLM and AI technologies available from Agiloft, Conga, ContractPodAI, Malbek, and Ironclad.
Legal
- Streamline and standardize the contracts creation and approval process with an efficient CLM.
- Ensure all contracts are compliant with current laws and regulations.
- Reduce time and resources spent on contract reviews and approvals.
- Maintain a centralized repository for easy access and management of contracts.
- Leverage AI-powered redlining, contract extraction, risk management, playbooks, and suggestions.
Procurement
- Measure and manage contracts performance against financial, performance, compliance, and regulatory obligations.
- Enforce approval rules to mitigate bad agreements that lead to financial, legal, or operational issues.
- Manage costs and improve vendor relationship management by implementing CLM solutions with supplier management, contract negotiation, and spend analysis capabilities.
Sales
- Accelerate deal closure and enhance customer relationships by implementing CLM solutions that streamline contracts creation, tracking, renewals, price increases, and execution to improve sales cycles and customer satisfaction.
- Improve customer satisfaction through efficient contracts handling.
- Increase deal closure rate with faster contract turnaround times.
Key Features
- Evaluate and improve your contracting process across your enterprise: Legal, Sales, Procurement, IT, Finance, and HR.
- Get the most out of your CLM investment by automating and standardizing the end-to-end contracting process and providing visibility to stakeholders throughout each stage.
- Integrate AI into your CLM strategy, whether as a standard layer within your CLM or as a stand-alone solution with expert advisory.
- Create efficiencies with document or redline summaries, risk scoring, and automated workflows as part of your contracting process.
- Transform dense contract language into structured, reportable, and graphable data for better insights into enterprise obligations and risks for due diligence, obligation maintenance, contracts negotiation, and more.
- Provide accessibility, visibility, and control over all contractual agreements serving various business functions with a centralized contracts repository that is a single source of truth across your enterprise.
- Measure ROI through contract lifecycle and performance analytics- mitigate risks and capture opportunities, improve visibility of KPIs to leadership, and access real-time dashboards and reporting.
- Support compliance and promote improved future state processes with CLM governance and administration.
- Increase user and admin adoption with personalized role-based training, emphasizing how the CLM system aligns with their needs.
- Launch a Center of Excellence (COE) for the administration, onboarding, and ongoing maintenance of the CLM system and to sustain it into maturity.
- Get the CLM help you need, from structured post-go live hypercare to system administrative support, Tier 1 end-user assistance, and structured ticket prioritization.
- Increase the capacity of your contracts management team with Epiq Contracts Administration for ongoing contracts analysis, signature management, and librarian services.
Why Epiq for CLM Implementation and Optimization
300+ Global CLM
implementations
Onboarding of
100,000
end users
Migration of
10 million+
legacy contracts
100 million+ data points
from AI extractions
56% CLM
implementations for Fortune 5000 healthcare and lifesciences companies
9.0 CSAT
score in 2024
_1360x680_1.jpg)
