SpringCM Press Room

View recent news articles, press releases and upcoming events.

Contract Management Tools Remain in Early Days

April 29, 2016

Manual handling of contracts is both error prone and time consuming, and yet most organizations have not yet automated these key business processes. Electronics OEMs should put automated contract lifecycle management (CLM) at the top of their to-do list, though, to achieve high visibility, decrease risk, and streamline complex processes.

"We are seeing early-ish adoption in the high technology sector," Steve Jones, vice president of Strategic Development at CLM vendor SpringCM, told EBN in an interview. "Certainly, the benefits are particulary apparent where there are a lot of renewable agreements or description-based contracts that come up for formal-review regularly."

Read full article >