Contract lifecycle management (CLM) software assists businesses in every stage of the contract lifecycle by streamlining the process from creation of the contract to post-signature activities.

CLM tools differ from traditional contract management software. CLM solutions allow users to manage activities after contract execution, including performance and contract compliance, obligation tracking, and dispute resolutions. CLM products provide features to notify parties of upcoming contract milestones to help streamline the contract renewal process and inform appropriate parties of contract performance.