DocuSign CLM - Detailed Review
Legal Tools
DocuSign CLM - Product Overview
Introduction to DocuSign CLM
DocuSign CLM (Contract Lifecycle Management) is a comprehensive software solution that streamlines the entire contract lifecycle, from generation to ongoing management and eventual renewal or termination. Here’s a brief overview of its primary function, target audience, and key features:Primary Function
DocuSign CLM is designed to automate and manage the contract process, making it easier, faster, and more compliant. It handles all aspects of contract management, including document generation, negotiation, collaboration, workflows, signing, and storage.Target Audience
The target audience for DocuSign CLM includes legal teams, contract managers, and businesses of various sizes that need to manage contracts efficiently. This solution is particularly beneficial for organizations looking to streamline their contract processes, improve compliance, and enhance the overall efficiency of their operations.Key Features
Document Generation
DocuSign CLM allows users to generate polished, custom contracts using customizable templates and merge fields that auto-populate data from systems like Salesforce, CRM, and ERP. This reduces errors and speeds up the contract generation process.Negotiation and Collaboration
The platform digitizes and centralizes negotiation, enabling users to send contracts for review, track changes across multiple versions, and maintain a single source of truth. Features include comments, tasks, and version comparison to speed up collaboration and approval.Workflows and Signing
DocuSign CLM enables the creation of custom contract workflows that automate the entire contract lifecycle, including review, signature, delivery, payment, and obligation management. It also integrates seamlessly with DocuSign eSignature and offers AI-based workflows for intelligent routing of agreements.Search, Analysis, and Reporting
The software provides a centralized, searchable contract repository where contracts are organized and strictly controlled with granular permission settings. This makes it easy to locate existing agreements, report on status, and extract insights to reduce risk and improve business functions.Integrations and Administration
DocuSign CLM integrates deeply with key systems such as CRM, ERP, and HCM, allowing administrators to manage the platform using pre-built integrations and custom configurations. It also supports various editions, including CLM Essentials and CLM, which can be seamlessly upgraded as business needs evolve.Advanced AI Capabilities
The platform leverages AI for tasks like contract review, negotiation, automatic identification and extraction of common contract terms, and AI-powered agreement summarization. It also includes a Q&A experience powered by generative AI, enhancing the efficiency and accuracy of the contract management process. By automating manual tasks, standardizing processes, and providing advanced AI capabilities, DocuSign CLM helps businesses accelerate their contracting processes, increase compliance, and improve overall efficiency. DocuSign CLM - User Interface and Experience
User Interface Overview
The user interface of DocuSign CLM is designed with a strong focus on ease of use and intuitive functionality, making it accessible and efficient for users.Ease of Use
DocuSign CLM is highly praised for its user-friendly interface. Users find it intuitive to use, with a streamlined design that minimizes the learning curve and boosts productivity.Key Features
Automated Workflows
The platform offers customizable and automated workflows that guide contracts through predefined approval steps, reducing manual intervention and keeping stakeholders informed through automated notifications.Document Generation
Users can create contracts using customizable templates and clause libraries, which helps in standardizing contracts and reducing errors. The system also allows for the automatic population of templates with existing data from other systems like CRM and ERP.Real-Time Collaboration
DocuSign CLM provides real-time editing and commenting features, enabling teams to collaborate effectively on contracts.Search and Organization
The modernized CLM search experience is a significant aspect of the user interface. It allows users to create and save customized searches, filter for specific contract attributes, and execute bulk actions such as downloading or exporting agreements directly from the results page. This feature enhances contract visibility across teams and improves operational efficiency by making agreements more discoverable and actionable.Integrations
DocuSign CLM integrates seamlessly with various systems, including CRM (Salesforce), ERP, and HR systems. This integration capability ensures that contract management is deeply embedded into existing workflows, reducing friction and enhancing data accuracy.User Experience
The overall user experience is enhanced by the platform’s ability to prioritize ease of use. The interface is designed to be straightforward, allowing non-technical administrators to design and deploy automated workflows using a drag-and-drop workflow editor. Additionally, the platform’s responsive signing feature ensures that contracts are optimized for viewing on any device.Conclusion
In summary, DocuSign CLM offers a user interface that is intuitive, efficient, and highly functional, making it easier for users to manage the entire contract lifecycle with minimal hassle. DocuSign CLM - Key Features and Functionality
DocuSign CLM Overview
DocuSign CLM (Contract Lifecycle Management) is a comprehensive platform that streamlines and automates the entire contract management process, integrating AI to enhance efficiency, compliance, and decision-making. Here are the main features and how they work:
Contract Generation
DocuSign CLM allows users to generate contracts quickly using pre-approved templates and clause libraries. This feature reduces manual work and errors by providing a standard structure for frequently used contract types. Users can select and customize contracts by inserting pre-approved clauses from the library, ensuring all necessary terms are included.
Negotiation and Collaboration
The platform facilitates collaboration between internal and external parties through automated workflows. Users can route contracts for review and approval, track changes, and manage different versions of the contract. This ensures that all stakeholders are involved at the right stages, and the system notifies them automatically when their input is required.
Execution and eSignature
DocuSign CLM integrates seamlessly with DocuSign eSignature, allowing contracts to be signed electronically. This integration ensures that the signing process is efficient and secure, with responsive signing capabilities that adapt to various devices.
Storage and Centralized Repository
All contracts are stored in a secure, centralized repository with advanced search and filtering capabilities. This centralization provides greater visibility into contractual obligations and performance metrics, making it easier to track key dates, milestones, and compliance.
Analysis and AI-Powered Insights
DocuSign CLM uses AI to extract key data points from contracts, identify risks, and uncover trends. Features like agreement summarization, AI-powered data extractions, and obligation management help in speeding up document review and reducing contractual risk. AI also generates insights that can trigger approvals and eliminate bottlenecks in the contract review cycle.
Automation of Workflows
The platform includes a drag-and-drop workflow editor that allows non-technical administrators to design and deploy automated workflows based on hundreds of pre-built actions. This automation reduces manual tasks, ensures compliance, and mitigates risks by standardizing contract language and tracking compliance.
Risk Assessment and Compliance
DocuSign CLM helps in mitigating risks by standardizing contract language and ensuring that all contracts meet the organization’s legal and compliance standards. The platform provides features like risk assessment and obligation management, which proactively identify deviations from company guidelines and secure sensitive data through access controls and audit trails.
Integration with Other Systems
DocuSign CLM integrates with various systems such as Salesforce and SAP, allowing for the auto-population of new agreements with data from these systems. This integration streamlines the contract creation process and ensures that all relevant data is accurately included.
Conclusion
In summary, DocuSign CLM leverages AI and automation to streamline the contract lifecycle, from generation and negotiation to execution, storage, and analysis. This not only reduces manual work and errors but also enhances collaboration, compliance, and decision-making capabilities.
DocuSign CLM - Performance and Accuracy
Performance
DocuSign CLM has demonstrated significant improvements in contract management efficiency for its users. Here are some notable performance enhancements:Speed and Efficiency
DocuSign CLM can reduce the time spent generating new sales contracts by up to 90% and decrease errors by 85%.Automation and Workflow Management
The platform automates tasks, manages complex workflows, and removes blockers, allowing businesses to work more efficiently. It integrates seamlessly with other systems like Salesforce, SAP Ariba, and NetSuite, which helps in streamlining processes across different departments.AI-Assisted Review
The AI-powered tools in DocuSign CLM enable legal teams to review contracts much faster and more accurately. For example, Steve Madden was able to handle a 30% increase in contract volume without expanding their legal team, thanks to the AI-Assisted Review feature.Accuracy
The accuracy of DocuSign CLM is enhanced through several features:AI-Powered Insights
The AI tools act as a second set of eyes, spotting risks and key clauses that might be missed by human reviewers. This ensures that critical aspects of contracts are not overlooked, even under tight deadlines.Standardization and Consistency
DocuSign CLM applies the same criteria to every agreement, ensuring consistency across different brands and teams. This is particularly valuable for junior associates and small legal teams.Error Reduction
By automating the contract generation and review process, DocuSign CLM significantly reduces errors. For instance, it can auto-populate new agreements with data from integrated systems and set conditional rules for reviewing non-standard terms.Limitations and Areas for Improvement
While DocuSign CLM offers substantial benefits, there are a few areas to consider:Data Quality
The performance of the CLM tool heavily depends on the quality of the data uploaded. Users need to ensure their contract library is clean and free of duplicates before implementing the system.Implementation and Customization
While DocuSign CLM is known for its ease of implementation, the more customization required, the more investment in time and resources may be necessary. Users should plan their implementation carefully, especially if they need to integrate with multiple existing systems.Support and Services
Effective implementation and ongoing success with DocuSign CLM can depend on the support and services provided. Users should ensure they have access to experienced solution architects and support teams to help with any challenges that arise. Overall, DocuSign CLM has shown strong performance and accuracy in managing contract lifecycles, particularly through its AI-driven features and seamless integrations with other business systems. However, users must ensure they have high-quality data and adequate support to maximize the benefits of the platform. DocuSign CLM - Pricing and Plans
Pricing Structure Overview
When considering the pricing structure of DocuSign CLM, here are the key points to note:Custom Pricing
DocuSign CLM does not offer a one-size-fits-all pricing plan. Instead, the pricing is customized based on the specific needs of the user. You need to contact their support team to get a unique quote that aligns with your requirements, such as the number of users, the number of contracts, and the specific features you need.Estimated Costs
While there isn’t a fixed pricing tier, estimates suggest that the cost can start from around $39 per month per feature, based on user reviews and experiences on platforms like Capterra.Features and Plans
DocuSign CLM offers a wide range of features, including:Contract Generation
Using templates and clause libraries.Negotiation
Collaborating with internal and external parties, tracking changes, and managing versions.Execution
Integrating with tools like Google Docs for seamless signing.Storage
Secure, centralized repository with search and filtering capabilities.Analysis
AI-powered tools for data extraction, risk identification, and trend analysis. However, the specific features included in each custom plan will depend on the negotiations with the sales team.Free Trial
DocuSign CLM does offer a free trial, which can last up to 30 days, allowing you to test the platform before committing to a purchase.No Free Version
There is no free version of DocuSign CLM available. Once the free trial period ends, you will need to upgrade to a paid plan to continue using the service.Summary
In summary, while DocuSign CLM provides extensive features for contract lifecycle management, its pricing is highly customizable and requires direct communication with their sales team to determine the exact cost. There is no standard pricing tier, but you can take advantage of a free trial to assess the platform’s suitability for your needs. DocuSign CLM - Integration and Compatibility
Integrations with CRM and ERP Systems
DocuSign CLM integrates with popular CRM and ERP systems, such as Salesforce, SAP Ariba, Coupa, NetSuite Financials, and Workday Financial Management. These integrations allow for automated data sharing and updates across systems. For instance, the Salesforce integration enables users to access CLM functionality directly from within Salesforce Sales Cloud and CPQ, while the SAP Ariba integration connects CLM with the SAP Ariba Contract Workspace to update contract and project metadata automatically.
Microsoft Dynamics 365 Integration
The Marshfield Consulting DocuSign CLM Connector allows for the integration of DocuSign CLM with Microsoft Dynamics 365. This integration enables users to generate contracts using data from Dynamics 365, embed contract documents within the Dynamics 365 interface, and access the full CLM capabilities of DocuSign, including workflow routing, approvals, and eSignatures. The connector also allows for administrative features like assigning access on a per-user basis and creating folder mappings based on field data.
Other System Integrations
DocuSign CLM can be integrated with various other systems using its robust API, which allows for custom development to connect specific systems and workflows. This flexibility ensures that businesses can integrate CLM with their existing software and processes, whether they are common systems or less common, home-built solutions.
Browser and Operating System Compatibility
DocuSign CLM is compatible with a range of browsers, including Google Chrome, Mozilla Firefox, Apple Safari, and Microsoft Edge. It supports Microsoft Windows 10 or newer and macOS 10.14 (Mojave) or newer. Additionally, it requires Microsoft .NET Framework 4.0 for Windows and Visual C Runtime Libraries for Windows.
Device Compatibility
The platform ensures responsive signing, meaning contracts are optimized to fit the device they are viewed on, providing a modern and user-friendly experience across different devices. This allows signers to complete the signing process from any device, enhancing convenience and reducing turnaround times.
Administrative and Customization Capabilities
Administrators can manage the platform using intuitive tools that do not require coding. This includes setting up user permissions, account settings, integrations, and automation details. The platform supports multiple languages, including English, French, German, Dutch, Spanish, and Portuguese, making it accessible to a global user base.
Conclusion
In summary, DocuSign CLM offers extensive integration capabilities with major CRM, ERP, and other business systems, ensuring seamless data flow and process automation. Its compatibility across various browsers, operating systems, and devices makes it a versatile solution for managing contract lifecycles efficiently.
DocuSign CLM - Customer Support and Resources
Customer Support Options
DocuSign provides several support plans to cater to different needs:Standard Support
Included with your subscription, this plan offers access to the DocuSign Support Center, system availability monitoring, online case management, and a target initial response time of less than 24 hours.
Plus Support
This plan includes all the features of the Standard Support, plus phone support, technical support, and support for DocuSign connectors. The target initial response time is less than 6 hours.
Premier Support
This plan adds emergency support for Severity Level 1 issues with a response time of less than 1 hour, along with pre-built connector and API integration support. The target initial response time for other issues is less than 4 hours.
Enterprise Premier Support
The most advanced plan, offering a target initial response time of less than 2 hours and emergency support for Severity Level 1 issues within 30 minutes. It also includes phone support, technical support, and pre-built connector and API integration support.
To contact support, users can open a support case in the DocuSign Support Center by logging in with their credentials and selecting a case subject. Phone support is available for certain plans, and users can also reach out through the community forum for general assistance.
Additional Resources
DocuSign provides a wealth of resources to help users get the most out of their products:DocuSign Support Center
This is a central hub where users can find answers to common questions, open support cases, and access other support resources.
Community Forum
The DocuSign community forum is a place where users can ask questions, share experiences, and get help from other users and community moderators.
Resource Center
DocuSign’s Resource Center offers various resources including on-demand webinars, live webinars, white papers, and analyst reports. These resources cover topics such as transforming agreement workflows, optimizing procurement, and improving sales lifecycle productivity.
Training Resources
DocuSign provides training resources to help users learn how to use their products effectively. This includes webinars, videos, and other educational materials.
Integration and API Support
For users who need to integrate DocuSign with other systems, there are resources available such as pre-built connectors and API integration support, especially in the higher-tier support plans.
Contract Management Tools
DocuSign CLM Essentials and other CLM tools offer features like contract centralization, automation of contract processes, collaboration tools, and electronic signature capabilities. These tools are designed to streamline contract management and reduce manual intervention.
By leveraging these support options and resources, users can efficiently manage their contracts, resolve issues quickly, and optimize their use of DocuSign’s CLM and other products.
DocuSign CLM - Pros and Cons
Advantages of DocuSign CLM
DocuSign CLM offers several significant advantages that can streamline and enhance your contract management processes.Automation and Efficiency
DocuSign CLM automates many manual tasks, such as contract generation, approval workflows, and e-signature processes. This automation reduces the amount of manual work required, minimizing errors and inconsistencies. For example, sales teams can quickly generate contracts using pre-approved templates and clause libraries, and the system can automatically route contracts for approval based on predefined workflows.Centralized Repository
The platform provides a centralized repository for all contracts, making it easy to store, search, and manage agreements. This centralization enables greater visibility into contractual obligations and performance metrics, allowing teams to track key dates and milestones, and monitor compliance.Improved Collaboration and Communication
DocuSign CLM facilitates seamless collaboration between internal and external parties. It allows for real-time tracking of changes, version management, and automated notifications for reviews and approvals. This improves communication and ensures that all stakeholders are on the same page.Risk Management and Compliance
The platform helps mitigate risks by standardizing contract language and tracking compliance. It enables legal teams to define pre-approved clause libraries and templates, ensuring all contracts meet the organization’s legal and compliance standards. Additionally, it provides robust security features such as access controls and audit trails to protect sensitive information.Accelerated Turnaround Times
DocuSign CLM accelerates contract turnaround times, enabling organizations to get to revenue faster. By streamlining workflows and collaboration, the platform helps teams work more efficiently, reducing the time it takes to close deals and secure goods and services.Advanced AI Capabilities
The platform uses AI to assist in contract review and negotiation, automatically identify and extract common contract terms, and provide AI-powered agreement summarization. These features speed up the contracting process and provide valuable insights into contract data.Integration with Other Systems
DocuSign CLM integrates with popular systems like Salesforce, SAP Ariba, and Slack, maximizing existing investments and simplifying the tech stack. This integration allows for seamless data flow and reduces the need for manual data entry.Disadvantages of DocuSign CLM
While DocuSign CLM offers many benefits, there are some potential drawbacks to consider.User Experience Issues
Some users have reported that the product can be slow, unresponsive, and difficult to use. There have been instances where promised features were not delivered as expected, which can be frustrating for users.Implementation Challenges
Implementing DocuSign CLM requires careful planning and execution. While the platform offers resources and support, the initial setup can be time-consuming and may require significant effort to ensure a smooth transition.Cost Considerations
While DocuSign CLM can reduce costs in the long run by eliminating paper-based processes and automating tasks, the initial investment and any additional features or support services may incur significant costs. This could be a barrier for smaller organizations or those with limited budgets. In summary, DocuSign CLM is a powerful tool that can significantly enhance contract management processes through automation, centralized management, and advanced AI capabilities. However, it may present some challenges related to user experience and implementation. DocuSign CLM - Comparison with Competitors
Unique Features of DocuSign CLM
- AI-Driven Contract Analysis: DocuSign CLM integrates powerful AI to automatically extract, analyze, and classify key contract data, reducing manual effort and human error.
- Advanced Analytics: It offers comprehensive analytics and reporting capabilities, enabling data-driven decision-making and monitoring of contract performance.
- Automated Workflows: DocuSign CLM streamlines contract processes by automating tasks such as document generation, approval routing, and signature collection.
- Seamless Integration: With over 900 pre-built integrations, DocuSign CLM can integrate with a wide range of enterprise systems, including CRM, ERP, and document management solutions.
- Real-Time Collaboration: New features include real-time comment capabilities for multiparty negotiations and integration with DocuSign Monitor for enhanced security and visibility.
Alternatives and Their Key Features
Malbek CLM
- Known for its intuitive, AI-fueled interface, Malbek CLM is praised for its better support and training compared to DocuSign CLM. It integrates with various systems like Salesforce, Dynamics, and Netsuite, and is user-friendly for both end-users and administrators.
Agiloft CLM Suite
- Agiloft offers a no-code platform with fully customizable functionality for contract management. It includes features like a clause library, flexible approval workflows, and built-in AI for security and compliance. However, it is less reliable and less transparent compared to DocuSign CLM.
Ironclad CLM
- Ironclad CLM is built for legal and business teams, focusing on automated, data-rich digital contracting. However, it is generally considered less reliable, harder to customize, and worse at support and training compared to DocuSign CLM.
PandaDoc Contracts
- PandaDoc integrates seamlessly with leading CRMs, allowing sales teams to create, send, track, and sign contracts without leaving their CRM. However, it is less efficient, less innovative, and harder to implement compared to DocuSign CLM.
Sirion CLM
- Sirion CLM is known for its Smarter Contracting platform, which brings together legal, procurement, sales, and business teams. It is highly configurable but harder to implement and less transparent than DocuSign CLM.
Conga CLM
- Conga CLM leverages AI to deliver consistent execution of best practices across the contract lifecycle. However, it is less reliable, harder to use, and less innovative compared to DocuSign CLM.
Juro
- Juro is noted for its ease of implementation and support, with a 30-day implementation period. It is preferred by reviewers for its ease of use, setup, and administration, and is seen as meeting business needs better than DocuSign CLM.
Summary
- Malbek CLM excels in support and training but may lack in reliability and integration.
- Agiloft CLM Suite offers customization but falls short in reliability and transparency.
- Ironclad CLM focuses on automation but is less reliable and harder to customize.
- PandaDoc Contracts integrates well with CRMs but is less efficient and harder to implement.
- Sirion CLM is highly configurable but challenging to implement.
- Conga CLM uses AI but is less reliable and innovative.
- Juro stands out for its ease of implementation and support.
When choosing a CLM solution, it’s crucial to consider the specific needs of your organization, such as the level of customization required, the ease of implementation, and the importance of AI-driven features.
DocuSign CLM - Frequently Asked Questions
Frequently Asked Questions about DocuSign CLM
1. What is DocuSign CLM?
DocuSign CLM, or Contract Lifecycle Management, is a software solution that automates and streamlines the contract process. It helps organizations reduce delays, risks, and inefficiencies by managing all stages of the contract lifecycle, including documentation generation, collaboration, workflows, signature, storage, analytics, and integration with other systems.2. How does DocuSign CLM automate contract processes?
DocuSign CLM automates various aspects of contract management, such as contract creation, approval workflows, and e-signature processes. It uses pre-approved templates and clause libraries to generate contracts quickly and accurately. The system can also automatically route contracts for approval based on predefined workflows, ensuring the right people review and sign off on each agreement.3. What are the key benefits of using DocuSign CLM?
The key benefits include automation of manual tasks, mitigation of risk, and acceleration of revenue. DocuSign CLM provides a centralized repository for all contracts, enabling greater visibility into contractual obligations and performance metrics. It also standardizes contract language, tracks compliance, and secures sensitive data, helping organizations minimize legal and financial risks.4. How does DocuSign CLM integrate with other business systems?
DocuSign CLM integrates with multiple departments’ systems across the organization, such as HR (HCM), finance (ERP), and IT (ServiceNow). These integrations help avoid duplicate work and potential errors by ensuring that information from contracts is seamlessly transferred between different systems.5. What security and compliance features does DocuSign CLM offer?
DocuSign CLM provides robust security features, including access controls and audit trails, to protect sensitive information and maintain compliance with industry regulations. The platform is also FedRAMP-approved and hosted in secure data centers, ensuring the security and integrity of the data stored within the system.6. How does DocuSign CLM help in managing contract storage and visibility?
DocuSign CLM offers a centralized repository for all contracts, making it easy to store, search, and manage agreements. This centralization enables greater visibility into contractual obligations and performance metrics, allowing teams to quickly find the information they need, track key dates and milestones, and monitor compliance.7. What are the common challenges that DocuSign CLM helps address in contract processes?
Common challenges addressed by DocuSign CLM include collecting timely signatures, avoiding the need for re-signing documents due to errors, ensuring signatures are obtained in the right order, reducing routing time, and improving visibility into document activity and status. It also helps in verifying signer identity and managing the overall transparency of the contract process.8. How much does DocuSign CLM cost?
The pricing for DocuSign CLM can vary based on user requirements. It is estimated to start from around $39 per month per feature, with custom quotations available based on factors such as the number of modules, users, and contracts to be managed. However, users often note that the platform can be expensive compared to other CLM solutions.9. What kind of support and resources are available for implementing DocuSign CLM?
DocuSign provides various resources, including guides, community support, and customer reviews, to help organizations implement and use CLM effectively. The platform also offers a comprehensive guide to contract lifecycle management, which includes practical tips for selecting the right solution and streamlining contract management processes.10. How does DocuSign CLM handle sensitive personal information (PII)?
DocuSign CLM does not collect PII directly from individuals but may store documents that contain PII uploaded by users. The system has safeguards in place to protect this information, including access controls and audit trails, ensuring that sensitive data is handled securely and in compliance with relevant regulations. DocuSign CLM - Conclusion and Recommendation
Final Assessment of DocuSign CLM
DocuSign CLM is a comprehensive contract lifecycle management solution that leverages automation, centralization, and AI to streamline contract management processes. Here’s a detailed look at its benefits and who would most benefit from using it.Key Benefits
- Automation: DocuSign CLM significantly reduces manual work by automating contract creation, approval workflows, and e-signature processes. This minimizes errors and inconsistencies, allowing teams to generate contracts quickly and accurately.
- Centralized Repository: The platform provides a centralized repository for all contracts, enhancing visibility and enabling easy tracking of key dates, milestones, and compliance. This centralization helps organizations make informed decisions and stay on top of their contractual commitments.
- Risk Mitigation and Compliance: By standardizing contract language and tracking compliance, DocuSign CLM helps mitigate legal and financial risks. It allows legal teams to define pre-approved clause libraries and templates, ensuring all contracts meet the organization’s standards.
- Accelerated Turnaround Times: The platform accelerates contract turnaround times by streamlining collaboration and automating workflows. This enables teams to close deals faster and secure goods and services more quickly.
AI Integration
DocuSign CLM is also integrating AI tools to further enhance its capabilities. For instance, AI can help identify and extract common legal concepts and terms, speed up document review, and reduce contractual risk. Additionally, AI can assist in searching and finding key terms within agreements, making reviews easier and faster.Security Features
The platform offers robust security measures, including encrypted storage, detailed access logs, and secure user authentication. These features protect sensitive contract data, ensuring transparency and accountability while maintaining compliance with industry standards.Who Would Benefit Most
DocuSign CLM is particularly beneficial for small- and medium-sized businesses, as well as larger enterprises, that need to streamline their contract management processes. Here are some key groups that would benefit:- Sales Teams: By automating contract creation and approval workflows, sales teams can generate and send contracts for signature quickly, reducing the time it takes to close deals.
- Procurement Teams: These teams can expedite the contract review and approval process, ensuring they can secure the goods and services they need in a timely manner.
- Legal Teams: DocuSign CLM helps legal teams standardize contract language, track compliance, and secure sensitive data, minimizing legal and financial risks.