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How to Get a CLM System that Works Hard for Legal? Own It
Contract lifecycle management is inherently an enterprise function — kicking off (or renewing) opportunities that drive value for the business. The department that pays for a software system owns it — driving selection and taking responsibility for its management, and thereby gets a system best tailored to its particular needs, ACC Docket published.
Catherine J. Moynihan, Senior Director, Strategic Intelligence & Advisory, Legal Business Advisory, Epiq: "Organizational politics around contract management systems are the opposite of a turf war — no one wants to take ownership. No matter how mature (or not), contracting should be helmed by an operational lead with the seniority to engage key stakeholders in hammering out requirements, governance, and processes."
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