Why contracts? As we illustrate below, contracts touch every part of an organization’s value chain. From demand planning to compliance; from pricing to trading and banking; from channel management to profitability—these strategic documents define your service agreements, solutions you sell, and how you run your business. By digitizing contracts on a single, organization-wide platform, financial services companies can gain full visibility into every contract in their organization. This empowers even the operations to quickly understand and leverage all their commercial relationships—from seeing
how many open contracts they have with a particular counterparty, to actively mitigating risk, to identifying opportunities for better bundling of services, and other contractual entitlements. Indeed, if contracts touch every aspect of a business, CLM drives speed, performance, and compliance into those systems and processs.