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Selecting the right CLM platform is a high-impact decision that affects risk, revenue, and operational efficiency. This guide explains how to build a structured, effective RFP that cuts through vendor marketing and aligns internal stakeholders. It walks through what to include, how to evaluate vendors, and how to avoid costly selection mistakes. The result is a clearer, faster, and more defensible CLM buying process.
Selecting a CLM platform is not a software purchase; it is a long-term operational and strategic decision that affects risk exposure, contract velocity, compliance posture, and total cost of ownership. Many organisations fail not because of the tools they choose, but because the selection process itself is unstructured, internally misaligned, and driven by vendor narratives rather than business evidence. This guide focuses on fixing that problem at the source.
This guide is designed to help legal, procurement, finance, and IT leaders replace ad-hoc CLM buying with a structured, defensible selection process that reduces risk and improves long-term outcomes. Inside, you’ll learn:
By the end, you will have a clear framework for building a CLM RFP that aligns stakeholders, exposes real vendor capability, and supports a confident, data-driven platform decision.
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