Contract Lifecycle Management (CLM) covers every stage of a contract's existence, from initial drafting and redlining to signing, obligation tracking, and renewal. CLM software automates workflows and provides visibility into the entire contract portfolio.

Example: A SaaS company uses a CLM system to manage 2,000 active customer contracts, automatically flagging contracts due for renewal, tracking key obligations such as SLA commitments, and generating renewal documents with pre-approved terms.