White Paper

In Contract Management, Standards Lag Behind Investment

FTI

Reinvigorated by the promise of large language models and other types of artificial intelligence, legal departments are increasing their technology spend and investing heavily in new tools and processes to improve contract lifecycle management (CLM) workflows. Directing these investments to CLM makes sense, yet with challenges resulting from inefficient contracting workflows, and the lack of a standardized framework for end-to-end CLM, success is not guaranteed.

This report explores a framework for CLM - a Digital Contracting Reference Model (DCRM) - and provides a common language framework for practitioners, technology vendors and legal service providers to align on and follow, allowing best practices to develop across disciplines.

Related topics:

To download this white paper please register using the form below.

I would like to receive news about FTI Technology resources or invitations to special events. You can withdraw your consent to receive emails from us at any time. Please refer to our privacy policy or contact us for more details.

Complete the required fields

Thanks for registering. Use the button below to download the white paper.

Download the PDF