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Why do organizations need a customized contract lifecycle management (CLM) solution?

The familiarity of CLM solutions as part of the common tools found these days in organizations is expanding massively. According to PRNewswire "the global CLM market is projected to grow at a CAGR of 16.35% over the period 2014-2019". Contract lifecycle management system, such as opensourceCM, helps firms optimize business transactions by linking five essential stages however very few customers fully capture the value of a CLM implementation (or what we call a "PoC phase"). Let's in light these five critical stages: - Contract Importing. The ability to upload almost any format type of document (word, pdf, scanned doc.) on to the system and to file it in the correct folder under the correct

opensourceCM Deep Text Search Feature

Gaining quick access to any legal contract or document quickly is key to any type of document management platform, much more so with time sensitive documents such as legal contracts. With A good document life cycle management system at the helm, most contracts should automatically be delivered under pre-determined conditions such as renewals. Experience shows that in many cases contracts frequently need to be accessed on occasions that weren’t foreseen when they were signed. The ability to quickly access any file within your firm’s repository for whatever reason, using whatever type of reasoning is essential for good contract administration. This requirement demands powerful search capabilit

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