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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


Dashboarding typically refers to the visual representation of key metrics, performance indicators, and insights related to the contract lifecycle. This centralized and graphical way of presenting relevant data and analytics is designed to help CLM users monitor, analyze, and make informed decisions about their contracts.

Data Analysis

Data analysis reporting and analytics tools to analyze contract data, track performance metrics, and generate insights from a CLM system.

Data Extraction

Data extraction is the process of retrieving and collecting relevant information from contracts or documents. Automated tools can be used to extract data, improving accuracy and efficiency in contract management.

Data Migration

Data migration is the transfer of contract-related data from one system or platform to another. It ensures a seamless transition while maintaining the integrity and accuracy of the contract data.

Data Processing Agreement (DPA)

Data Processing Agreement (DPA) is a legal contract that outlines the terms and conditions for the processing of personal data. It is relevant when a CLM system involves the handling of sensitive information subject to data protection regulations.

Data Protection

Data Protection measures and processes to ensure the confidentiality and security of sensitive information contained in contracts, in accordance with data protection laws.

Data-Driven Contracting

Data-Driven Contracting involves utilizing data and analytics to inform and optimize the contract management process. It includes leveraging insights from past contracts to enhance drafting, negotiation, and decision-making.

Deal Acceleration

The process of expediting the various stages of a deal or contract negotiation to reduce the overall time it takes to reach an agreement. The goal is to streamline and accelerate the entire contract lifecycle, from the initial stages of negotiation to the finalization and execution of the contract.