CLM Matrix: CLM Matrix

CLM MatrixCLM Matrix Software takes the key individual components that are used to create contractual relationships and integrates them to build best practice standardized workflow processes. The individual components include the organization's processes, people, policies, data elements and contract templates. CLM Matrix works with its customers to define and prioritize what's most important in each of these areas and how they add value throughout the contracting process. With CLM Matrix Software and Microsoft SharePoint, users can automate key business rules and compliance, mitigate risks through control of contract language, manage multi-year obligations that influence contract renewals, set alerts, monitor and track expirations, achieve faster contract negotiations and approval and improve efficiency and reduce cycle times. CLM Matrix provides a simple to use workflow phase and execution task builder that users can utilize to model their unique contract management process. The process workflow serves as the foundation for how the system will be configured to achieve greater contracting operational efficiencies. CLM Matrix Software is a dynamic expert system that is highly configurable to user's contract process business rules, policies and procedures. Its wizard-driven rules engine evaluates dynamic data conditions that are defined for each customer's unique business processes to drive task assignments including approvals and dynamic clause-based document creation. Changes are no-code wizard configured "on the fly" without IT hard coding. CLM Matrix contract management software application is built 100% upon the Microsoft Office/SharePoint technology platform and provides the full suite of required contract lifecycle management capabilities. User adoption is significantly enhanced due to the fact that users do not have to learn new technologies or become proficient with a new user interface to use the system.CLM Matrix#The post CLM Matrix appeared first on Predictive Analytics Today.