Risk management is one of the primary reasons that companies implement a contract management solution. The visibility and accountability of automated software significantly reduces an organization’s exposure to a financial, legal, or operational error. But what about the risks associated with selecting the wrong contract lifecycle management (CLM) software? Decision makers implementing a solution for the first time may not be aware of the pitfalls inherent to the process.

In this white paper you will learn best practices on avoiding these five major pitfalls of CLM software selection:

• Settling for cookie-cutter demos
• Ignoring implementation in the selection process
• Overlooking user buy-in
• Becoming vendor dependent
• Thinking business practices are standard across vendors

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