About Agreement Lifecycle Management Process
Contract Lifecycle Management includes processes that contribute, create or utilize contract data. Conga CLM has defined the contract life cycle to encompass everything from the initial request right through to the settlements of financial transactions around the agreement and enables you to have complete visibility and control over any given contract. Conga CLM covers multiple business functions that can be managed seamlessly through a single application across the enterprise.
- Contract Management process includes the following stages.
- Requesting and Drafting an Agreement
- Agreement Negotiation
- Agreement Finalization
- Agreement Phases
- Obligation Management
- Searching and Reporting
Conga CLM enables you to:
- Use Salesforce as a central repository for all corporate contractual agreements.
- Set up a central repository, which provides visibility into contractual commitments, and reduces the risk of litigation and revenue leakage.
- Set up alerts and notifications around predefined trigger points.
The following diagram provides an example of a typical agreement process flow.
Agreement Actions and Corresponding Behaviors
The diagram provides the flow of typical Agreement Actions and behaviors, based on Agreement Status Categories and Statuses and requirements.
