Contract Lifecycle Management 101

While contract lifecycle management, or CLM, is probably one of the most uninspiring acronyms in the procurement technology space, it is also one of the most important. Proper CLM not only overlaps with both the sourcing (or source-to-contract, or S2C) and procurement (or procure-to- pay, or P2P) cycles for the strategic sourcing and transactional execution of “buy-side” categories, but also provides a partial foundation for other supply management processes. This paper is the first in a series on Spend Matters PRO that will give you CLM 101 - a must read for anyone!