target audience: TECH BUYER Publication date: Sep 2024 - Document type: IDC MarketScape - Doc Document number: # US51541124
IDC MarketScape: Worldwide Contract Life-Cycle Management Software for Corporate Legal 2024 Vendor Assessment
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Abstract
This IDC study evaluates major vendors in the contract life-cycle management software (CLM) market, focusing on their ability to support corporate legal departments. It emphasizes the importance of deep analytics, AI functionality, customer support, customizable workflows, and integration capabilities as critical success factors. The document advises technology buyers to seek vendors that are true partners in their CLM journey, highlighting the significance of vendor support across the implementation process for successful CLM adoption.
"Unlock the future of legal efficiency with AI-driven contract life-cycle management, transforming legal departments from cost centers to strategic business enablers," says Ryan O'Leary, research director for Privacy and Legal Technology at IDC.