Enhanced Contract Lifecycle Management (CLM) in Dynamics 365 Sales

Streamlined Contract Lifecycle Management Through Model-Driven App

The Contract Lifecycle Management (CLM) functionality in Dynamics 365 Sales empowers organizations to efficiently manage the entire lifecycle of contracts, from contract request to renewal. This comprehensive solution is designed for a wide range of industries—including product/service companies, supply chain, procurement, and vendor management—where effective contract compliance and automation are critical for operational success.

Key Features

• Seamless Contract Request and Creation: Sales and procurement teams can quickly create contract requests based on pre-existing contract templates and pricing structures. Once approved, the system auto-generates the contracts, reducing manual intervention and expediting contract execution.
• Automated Approval Workflows: Hierarchical approvals allow flexibility for contract approvals. If a designated contract approver is unavailable, higher-level approvers can step in, ensuring there are no delays in the contract approval process.
• Centralized Contract Management: A unified platform for managing all contracts enhances contract compliance, visibility, and control over the contract lifecycle. This centralization is particularly valuable for industries like supply chain, procurement, and vendor management, where oversight of terms is essential.
• Integrated Dashboards and Reporting: Custom dashboards and reports display key metrics like active, expiring contracts, and approval statuses. This visibility into contract analytics supports data-driven decisions, helping industries manage contract renewals and optimize contract terms.
• Automation and Efficiency Enhancements: Automated processes for updating dates, calculating revenues, and managing tiered pricing strategies streamline contract administration, reducing manual tasks and errors while enhancing consistency across contract-related activities.
• Enhanced Integration and Document Management: Integration with SharePoint and DocuSign enables seamless document storage and electronic signature management, crucial for maintaining secure, compliant document handling.

Key Benefits for Industries Involved in Contract Management

• For Product/Service Companies: The solution supports sales and service contracts, reducing the administrative burden associated with manual contract creation and ensuring contract compliance for products or services sold to customers.
• For Supply Chain Management: Centralized and automated contract lifecycle management facilitates efficient supplier contracts, ensuring clarity in pricing, terms, and delivery schedules.
• For Procurement: Automating procurement contracts saves time in the approval process and improves compliance, particularly valuable for procurement teams managing complex vendor agreements.
• For Vendor and Supplier Management: The ability to centralize contracts and automate renewals is crucial for vendor management, ensuring terms are met and deadlines are adhered to, reducing risks associated with expired or non-compliant contracts.
• For Any Organization Relying on Contract Management: Whether in manufacturing, procurement, supply chain, or vendor management, this CLM solution provides operational efficiency, compliance, and improved decision-making across all levels of contract administration.