All that you need to know about SAP CLM

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May 2022
All that you need to know about SAP Contract
lifecycle management (CLM)
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About SAP CLM

• SAP CLM or Contract Lifecycle management enables
  businesses with an opportunity to increase
  productivity along with cost saving. SAP CLM
  makes contract renewal faster and easier thus
  making the process smooth for businesses and
  their customers.
• Businesses deal with a lot of active contracts
  running simultaneously that might have different
  terms and conditions, here CLM can be of great
  help. CLM automates the complete process by
  ensuring contract compliance, capturing valuable
  data thus resulting in long term, signi?cant
  bene?ts.

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Few reasons why you may need a Contract Lifecycle
Management solution
Centralized repository

• A CLM platform has the ability to combine all
  contracts and peripheral documentation relevant
  to it in a central repository. Your team can be
  more productive and focused as the CLM solution
  eliminates the need to shift through paperwork
  manually

Increase contract cycle efficiencies

• The traditional contract cycle takes a while to
  complete. A CLM platform can identify
  opportunities where you can save money, improve
  delivery, and reduce cycle time so that the
  contact managers can take advantage of it.

Deliver great value to customers and suppliers

• Exceeding customer expectations through proper
  contract performance enhances businesses values,
  reliability, and credibility. CLM solution does
  this for you by streamlining the process through
  automation and digitization.

Track  compliance

• A major issue in many contracts is compliance and
  ensuring it from suppliers can be time-consuming
  and difficult. Any organization with poor
  contract management will likely suffer from cost
  inefficiencies.
• With SAP CLM, organisations can comply with the
  agreed terms and have opportunities to save on
  the cost from special terms.

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How SAP CLM can be helpful for businesses?
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• Choosing SAP CLM can be very helpful in
  overcoming all the problems that you might face
  and can also be helpful in improving cost savings
  and efficiency of your business. Having proper
  understanding and automating CLM minimises
  organisational liability and increases compliance
  with legal requirements.
• Contract activity is an essential business aspect
  that requires proper management during the
  complete cycle. SAP Contract Lifecycle Management
  (CLM) service is a practical and systematic way
  to manage the entire contract lifecycle right
  from initial stage, through award, agreement and
  renewal (if required). A few advantages of using
  CLM for your business includes simplifying
  sourcing and procurement processes, accelerate
  compliance with negotiated terms, and enhance
  competitive advantage.

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Thank you

• Acuiti LabsAcuiti Labs Ltd., 1 Giltspur
  Street,London EC1A 9DD, UK
•      info_at_acuitilabs.com
•      44 20 7101 9405
•      www.acuitilabs.com