From strategy and creation to execution and monitoring, contracts are dynamic in nature and require varying levels of management along the entire life cycle. Whatever the purpose of their contracts, organizations must maintain tight control over them and address common issues, such as inconsistent language, incomplete approvals, long contract completion cycles, and limited visibility and compliance.

The SAP Contract Lifecycle Management (SAP CLM) application supports your company's entire contract management process. The application supports all contract types and can integrate with back-end systems in support of contract compliance.

By enabling proactive management of all aspects of the contract life cycle, SAP CLM will help you:

• Accelerate time to contract through automated contract creation and collaboration
• Lower legal, financial, and regulatory risk through standardized language and reporting
• Protect your company's bottom line
• Realize full savings and revenue through contract visibility and awareness
• Ensure more control and better compliance throughout the contract life cycle via system integration, alerting, and reporting

Powered by SAP NetWeaver

SAP CLM is powered by the SAP NetWeaver technology platform. SAP NetWeaver unifies technology components into a single platform, enabling your organization to reduce IT complexity and obtain more business value from your IT investments.