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CLM Glossary

From contract initiation to execution, this guide is crafted to assist contract professionals in grasping the nuances of contract lifecycle management.

All A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Unit Pricing Contracts

Unit Pricing Contracts involves pricing based on the quantity or units of goods or services provided. The total cost is calculated by multiplying the unit price by the quantity delivered or performed

Usage Metrics

Usage Metrics are used to measure and track the usage of services or products outlined in the contract. These types of metrics are typically tracked in CLM solutions to better understand the value you are getting from the system.

User Adoption

User Adoption refers to the degree to which users effectively and willingly utilize a new system or technology, such as a CLM platform. It measures how well the intended users embrace and integrate the system into their workflows.

User Conference

User Conference is is an event or gathering organized by a software provider or organization, bringing together users of a particular system or platform. It provides an opportunity for users to learn, network, and share experiences.

User Experience (UX)

The overall experience and satisfaction of users interacting with the CLM system, focusing on ease of use and efficiency.

User Feedback

User feedback for CLM software encompasses comments, opinions, and insights provided by users regarding their experiences with the software. This feedback can cover various aspects, including features, usability, challenges faced, and suggestions for improvements. It is often collected through surveys, interviews, or direct communication channels. When evaluating CLM vendors, consider asking for feedback and references.

User Interface (UI)

User Interface (UI) refers to the visual and interactive elements that users interact with. It encompasses the layout, design, and functionality of digital interfaces, aiming to provide an intuitive and user-friendly experience.

User Satisfaction

User satisfaction refers to the overall contentment and positive experience of individuals who use the software. It measures how well the CLM solution meets the expectations and needs of users, including ease of use, functionality, and the extent to which it contributes to their efficiency in managing contracts.