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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

Audit Trail

Audit trail is a record that chronologically captures and documents all activities and changes made to a contract, ensuring transparency and accountability.

Automated Notifications

Automated notifications are CLM-generated alerts and messages that are automatically sent to relevant stakeholders based on predefined events or triggers within the contract management process. These notifications serve to keep users informed, prompt them to take specific actions, and ensure that key milestones or deadlines are not overlooked.

Automated Workflows

Automated workflows are systematic and rule-based automation of tasks, processes, and approvals involved in managing the lifecycle of contracts. These automated workflows are designed to streamline and standardize the contract management process, reducing manual intervention, improving efficiency, and ensuring adherence to predefined business rules.


Automation is the use of technology to streamline and automate contract management processes, reducing manual efforts and errors.