After all the planning, calculating, and researching, you’re now ready to begin. You’ve selected a vendor and are ready to start the project in a methodical, phased manner.
The best way to approach the CLM journey is to think of it as a process that can reach varying levels of maturity across your organization. Some companies use CLM at a simpler level, and there are significant benefits to that but, companies that integrate, refine, and develop their CLM can reach a higher level of maturity and reap greater benefits as a result.
The CLM maturity model shown here defines four levels of development to guide your CLM journey. It’s important to note that you can begin by focusing on any state. A repository is important, but maybe authoring and negotiation are your organization’s biggest pain points. Begin where you envision the most benefits. Then use that as the foundation to develop more maturity in other areas.