How contract management solutions support risk management

Contract lifecycle management (CLM) providers may be best known for their repositories, clause libraries, obligation management features and authoring. However, risk is a major element of the contract lifecycle. Whether this is due to a contract being written on third-party paper or a particular redline/edit that does not align with the company’s playbook, CLM solutions use both internal and external tools to assess risks.

Here, we explore the overlap of these types of solutions.