In the last decade, due to growing hyper-specialization, an increased number of organizations came to realize that they needed to keep better track of their contracts. Many organizations encountered the impact of third parties on their business performance and continuity. The sum of all contracts forms the landscape of the entire business ecosystem, which was emphasized by the COVID-19 pandemic and the Ukraine crisis. Organizations are now looking into ways to rapidly shift. From purely implementing CLM-software for regulatory compliance and faster authoring, authorization, negotiation, and signoff cycle times organizations are shifting to a more proactive contract lifecycle management approach with the inclusion of professional contract management.

CLM is moving from a sec sales/procurement perspective focusing on revenue, margin and profit to an objective and value-driven perspective.