CLM Integration and Legacy Contracts

When you set out to adopt a new contract lifecycle management (CLM) platform, the goal is to streamline workflows, automate processes, and house your contract data under one umbrella. However, oversights during the implementation, data migration, or integration phases can diminish the efficiency and insights originally promised by the CLM. These failures are well-documented – for instance, Thomson Reuters found 41% of survey respondents with a CLM underutilize their solution.

Only by following the right planning, processes, and expert perspectives will your contract management lay the groundwork for deep observations and insights. Here’s where legacy contracts fit into the picture and how Legalpeople helped an organization create the right foundation for their own contract analysis.