{"id":71149,"date":"2021-03-22T14:32:23","date_gmt":"2021-03-22T14:32:23","guid":{"rendered":"https:\/\/www.bullhorn.com\/eu\/?p=71149"},"modified":"2021-03-22T14:32:23","modified_gmt":"2021-03-22T14:32:23","slug":"contract-lifecycle-management-intelagree","status":"publish","type":"post","link":"https:\/\/www.bullhorn.com\/eu\/blog\/contract-lifecycle-management-intelagree\/","title":{"rendered":"Why Contract Lifecycle Management Implementation is a Digital Transformation \u2014 and 4 Ways to Manage it"},"content":{"rendered":"

Humans are inherently resistant to change, and that’s no different when it comes to implementing new <\/span>contract lifecycle management (CLM) software <\/b>and managing the digital transformation that coincides with it.<\/span><\/p>\n

In fact,<\/span> 70% of change efforts fail outright<\/span><\/a>, primarily due to employee resistance and lack of management support \u2014 but here are four change management strategies you can use to ensure your CLM software implementation is poised for success:<\/span><\/p>\n

Commit to Planning & Invest the Appropriate Time<\/b><\/h3>\n

When a company with a siloed contract management process introduces new contract lifecycle management (CLM) software, installation alone isn\u2019t enough. Successful implementation requires upfront planning to figure out your ideal contracting strategies and how your new platform can support those processes.<\/span><\/p>\n

Partner with your CLM software provider<\/span> before<\/span><\/i> implementation<\/span><\/a> to evaluate your current contracting methodology and ask for feedback on how you can improve. The right CLM software provider will take the time to learn your business, understand your use cases, and suggest improvements you can make based on similar client experiences \u2014 then, they can configure the platform to suit your needs.<\/span>\u00a0<\/span><\/p>\n

While the initial stage may be more time-consuming, investing the appropriate time will help you maintain momentum and realise your platform’s total value quicker. To configure your system, your CLM software provider will ask you for numerous materials \u2014 like the contracts you want to store, the contract data you wish to track, and your standard contract templates. The faster you can provide those materials to your provider, the quicker you’ll move through the implementation process; and the quicker you launch your system, the less time you’ll waste on inefficient contracting processes.\u00a0<\/span><\/p>\n

Gain Executive Buy-In<\/b><\/h3>\n

Since contracts affect nearly every department, it’s unlikely that your legal team alone will be able to enforce new company-wide contracting procedures. That’s why you need managerial backing for your new CLM platform \u2014 an executive sponsor who can advocate for the platform’s benefits and encourage teams to take advantage of it.<\/span><\/p>\n

It’s human nature to resist change, even if there’s demonstrable value in it. But if you have an executive sponsor to help enforce the new procedure and hold teams accountable for using your new platform, user adoption will likely increase.<\/span><\/p>\n

Your teams will follow the direction of those they report to directly. Ideally, you want the executive sponsor(s) to be directly involved in their day-to-day operations, like a senior vice president, a sales executive, or another authority position.<\/span><\/p>\n

Some other considerations to overcome resistance to change:<\/span>\u00a0<\/span><\/p>\n