As organizations seek better regulatory compliance and faster authoring, negotiation and signoff cycle times, interest in contract life cycle management software is growing rapidly. This report helps applications and software engineering leaders select the most suitable enterprise CLM vendor.
Gartner defines contract life cycle management (CLM) software as an application that proactively manages contracts from the initiation stage through the award, compliance and renewal stages. In this context, a contract is any agreement or contractual document containing rights and obligations that affect an organization now or in the future (for example, a nondisclosure agreement).
Scanmarket has been ranked as a Niche Player in this study.