Compliance Monitoring
Compliance monitoring is the ongoing oversight and evaluation of contract performance to ensure that all parties comply with the agreed-upon terms. It includes tracking regulatory changes and assessing the impact on existing contracts.
Composable CLM
Composable CLM refers to the ability of a CLM to be easily combined or assembled with other systems or components to create new and customized functionalities. It implies modularity and flexibility in building CLM solutions including microservices based, API-first, cloud native, and loosely coupled technical architecture.
Confidentiality
Confidentiality outlines the obligations of both parties regarding the confidentiality of sensitive information shared during the course of the agreement.
Confidentiality Agreement
A confidentiality agreement is a legal document outlining the terms under which parties agree to share confidential information. It establishes the obligations to protect sensitive data and defines the permissible uses of that information.
Configuration
The customization and setup of the CLM system to align with the specific needs and processes of an organization. It includes defining user roles, workflows, and system parameters.
Configure Price Quote (CPQ) Software
A software solution that helps streamline and automate the configuration of complex products, pricing, and the generation of accurate quotes. CPQ systems are often integrated with CLM platforms to ensure consistency and efficiency throughout the entire sales and contract management process.
Consideration
Consideration refers to something of value exchanged between parties as part of a contract. It could be money, goods, services, or other benefits, and is a fundamental element in creating a legally binding agreement.
Consulting Services
Consulting services, otherwise known as advisory services, provide training sessions to end-users, administrators, and stakeholders on how to effectively use the CLM platform.