In the world of Contract Management, a CLM Checklist refers to a structured list of key activities, requirements, or validation points used to assess, implement, or improve a Contract Lifecycle Management (CLM) system.
Based on my experience in the Contract Lifecycle Management (CLM) industry, here is a core checklist that helps organizations assess the health of their current CLM solution and identify clear paths for improvement.
- CLM Health Checklist
This checklist is designed to :
• Evaluate how well your CLM system is performing today
• Identify automation gaps and inefficiencies
• Align contract processes with business KPIs such as compliance, speed, risk mitigation, and ROI
Addressing the gaps identified in your CLM processes will lead directly to measurable improvements in the following KPIs, as given below.
- Measure CLM KPIs
Working on Contract Management KPIs (Key Performance Indicators) is essential because contracts are at the heart of business operations, governing revenue, procurement, compliance, risk, and relationships. Without clear KPIs, it’s nearly impossible to know whether your contract processes are efficient, compliant, and aligned with business goals.
“If you can’t measure it, you can’t manage it.”
Any business needs quantifiable insight into how their contract processes perform and where they can be improved. Tracking the right KPIs is critical to optimizing efficiency, compliance, and value from your contracts.
💬 Feel free to DM me if you’d like to discuss your CLM KPIs or need a checklist to assess and enhance your current contract management process.
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