target audience: TECH BUYER Publication date: Jan 2024 - Document type: IDC MaturityScape - Doc Document number: # US51518223
IDC MaturityScape: Contract Life-Cycle Management 1.0
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Abstract
This IDC study examines the IDC MaturityScape for contract life-cycle management. By embracing the CLM maturity model and its actionable recommendations, organizations can embark on a journey toward optimized contract management, ultimately achieving enhanced performance, improved risk management, and a competitive edge in the marketplace.
“Organizations seeking to enhance the efficiency and effectiveness of their contract management life-cycle processes can leverage the maturity model as a guide to assess their current state, identify gaps to the higher level stages, and develop action plans to close those gaps. This mirrors the approach taken by advisory firms and can be instrumental in improving performance.” — Patrick Reymann, research director, Procurement and Enterprise Applications, IDC