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CLM Webinar Part 5 - Selecting Your CLM Solution and Implementation Partner

CLM Webinar Part 5 - Selecting Your CLM Solution and Implementation Partner "And so when you’re meeting with the team, you want to make sure that the business requirements that you document with the team are the things that the team needs now. And I think what the risk is, once you start doing vendor evaluations and start doing demos, you can really get into scope creep very, very quickly," Stephanie Corey, Co-founder of UpLevel Ops. This clip from the 5th webinar in our CLM series addresses why it's important to choose a solution that can grow with you. To listen to the full webinar, follow this link:

Dress for the body you’ve got now. Don’t keep stuff in your wardrobe that doesn’t fit or whatever. And it’s kind of that same concept. And I think the job of the operations manager or the project manager is to really keep the scope focused. And so when you’re meeting with the team, you want to make sure that the business requirements that you document with the team are the things that the team needs now. And I think what the risk is, once you start doing vendor evaluations and start doing demos, you can really get into scope creep very, very quickly. And so the attorneys and the contract managers will see all these great features and they’ll say, “Oh, I’d love to have this, and I’d love to have that.” And so this goes back to when you’re building the business requirements, which are really, really critical, you document what you need now and then you document what you would want for the future. So you have the must have’s and the nice to have’s, and keep it really focused. Otherwise you end up with a project that becomes very quickly unwieldy and could take years. You’re never really going to meet your goal because those goals keep changing. And so it’s really up to the ops manager or the project manager or the owner to really to manage properly and keep everyone focused on what the team needs currently. And I think also when you’re selecting a vendor or selecting a partner, you have to look at it as a partner, right? This is going to be somebody who you trust the management team, that this going to be a tool that does grow, that they are going to be investing in. You want to make sure that this is a focus for the company, so they’re going to continue to invest and build out functionality and watch the market and see what’s important. So I think those are the two things that are really, really important – keep your scope focused and choose the right partner to work with.

contract management,CLM,contract lifecycle management,

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