Effective contract lifecycle management (CLM) has risen rapidly in recent times in terms of enterprise priorities. The pandemic forced businesses to gain higher visibility into their supplier contracts, improve efficiency around contractual processes, and to better understand obligations, risk, and performance. After all, contracts form the foundation upon which business is conducted between buyers and suppliers.
Procurement organizations have long realized the central role that CLM plays in capturing value that is generated by sourcing activities but also in ensuring effective supplier relationships and managing spend.
Ivalua is honored to be recognized as a leader by Forrester in a category that generates significant value to our customers in the procurement community.