In almost all cases, Contract Lifecycle Management (CLM) has become the leading enablement methodology. There are many parties involved in creating a business contract. The process requires input from various departments such as Legal, Marketing, Sales, Production and Logistics. One of the key objectives of CLM is to facilitate corporate contract standards with a centralized repository for all the parties involved.

To help address this need, vendors of CLM solutions have developed applications to provide contract content governance, execution management and performance tracking all the while improving efficiency.

This white paper examines the benefits of critical message governance in managing contract lifecycle management.