We’re excited to announce the launch of Zoho Contracts—Zoho’s take on contract lifecycle management (CLM). With this launch, we’ve reached a new milestone in Zoho’s journey of providing software solutions to run an entire business on the cloud. To our already impressive arsenal of functions, such as sales & marketing, finance, and HR, we’re now adding a whole new category: legal.
Why modern businesses need a digital CLM
Contracts govern every penny that enters or leaves a business. If businesses are equipped with the right contract management software to manage them, they can transform contracts from static documents into strategic assets.
In a business landscape that keeps rapidly changing with the evolution of technology:
- Regulatory measures are cropping up more often,
- Global supply chains are becoming increasingly complex, and
- Sales models are growing more diverse.
This state of flux demands digital contracts that can be easily accessed and amended. A powerful contract management software lets you automate and streamline contract processes and unlock the real potential within them. With CLM, legal teams can save a significant amount of time that can then be invested in high-value tasks.
Our approach to contract lifecycle management
In addition to delivering efficiency in legal operations, a contract management software should also facilitate better business outcomes. To be able to achieve this, any contract management software should comprehensively address the following aspects of legal operations:
- Streamlining the entire contract lifecycle
- Improving governance
- Mitigating business risks
- Promoting cross-functional integrations
To read the full article please visit Zoho.com