target audience: TECH BUYER  Publication date: Mar 2023 - Document type: IDC MarketScape - Doc  Document number: # US48785822

IDC MarketScape: Worldwide SaaS and Cloud-Enabled Buy-Side Contract Life-Cycle Management Applications 2023 Vendor Assessment

By:  Patrick Reymann Loading


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This IDC study provides an assessment of SaaS and cloud-enabled buy-side CLM solutions and discusses what criteria are most important for companies to consider when selecting a system. Entities considering buying a CLM solution have the challenging task of selecting among many attractive options, as highlighted in this document. Whatever attributes are most important to companies looking to buy solutions, ultimately they seek value in their quest to effective manage their spend and suppliers. This document highlights the attributes and benefits that buyers can expect to receive when engaging the vendors profiled in this document.

"CLM applications have really come to the forefront in the past couple of years. The tumultuous global events that led to the many supply chain disruptions have directly impacted interest in the capabilities provided by these applications. The days of CLM providers simply serving as authoring and repository tools are over. Buyers need the ability to quickly assess risk, drill into geographic and inflationary exposure, and predict the impact of potential future events. The CLM space has stepped up and is reaping the rewards." — Patrick Reymann, research director, Procurement and Enterprise Applications


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