Description

SAP Contract Lifecycle Management (CLM) is an on-premise business contract automation and streamlining solution designed for procurement applications. It enables users to accelerate time to contract for automated contract creation and collaboration, manage legal, financial, and regulatory risk, authorize, negotiate, and execute ongoing management and compliance (within the repository), and contract renewal, analyze contracts compliance, risks and cycle time, streamline operational, contractual, and regulatory compliance, as well as create contracts with pre-approved templates and legal clauses. Features include risk management, result optimization, repository management, total cost of ownership (TCO) optimization, invoice management, performance management, and strategic sourcing analysis.