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IDC MaturityScape: Contract Life-Cycle Management 1.0

Publisher IDC
Published Jan 17, 2024
Length 14 Pages
SKU # IDC18444530

Description

IDC MaturityScape: Contract Life-Cycle Management 1.0


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

Please Note: Extended description available upon request.

Table of Contents

14 Pages
IDC MaturityScape Figure
Executive Summary
Navigating the Complexities of Contract Management: A Maturity Model for Optimization
Elements of the Contract Life-Cycle Management Maturity Framework
Stages of the Contract Life-Cycle Management Maturity Framework
Ad Hoc
Description
Business Outcome
Opportunistic
Description
Business Outcome
Repeatable
Description
Business Outcome
Managed
Description
Business Outcome
Optimized
Description
Business Outcome
Dimensions of the Contract Life-Cycle Management Maturity Framework
Advice for Technology Buyers

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