Contracts hold critical insights that can shape business strategy and when managed effectively, contracts become dynamic tools for driving compliance, reducing risk, and accelerating revenue. By unlocking the data within contracts, organizations gain visibility into obligations, performance metrics, and opportunities that drive smarter decision-making.
Why traditional contract management fails: risks and missed opportunities
Contracts form the foundation of business relationships, yet many organizations view them as static documents. This limits effective risk management and compliance, slowing procurement, and sales deals. In a rapidly changing environment, manual processes can lead to missed opportunities and increased risks, impacting revenue, cost, and competitiveness.
How Conga CLM’s new features transform contracts into strategic, AI-driven assets
Conga CLM redefines contracts as proactive, AI-driven assets that provide insights related to obligations, compliance with new regulations, and risk indicators.
Here are a few key enhancements we launched to improve your contract management:
Custom analytics dashboards for informed decision-making
In addition to the out-of-the-box procurement and contract management dashboards, our new custom dashboard creation and cloning tools allow you to create views that integrate data from CLM, AI, and even CPQ all in one place.
Monitor key metrics. Track business and industry specific KPIs, compliance, obligations, supplier cost vs. contracts, terminations and renewals, identify quote-to-cash discrepancies in real time.
Identify issues early. Spot trends before they affect your business.
Save time. Clone dashboards for consistent reporting, freeing up valuable hours.
AI metrics for confidence and control
When contracts are treated as static documents, organizations lose the ability to measure and optimize performance. By transforming contracts into data, Conga turns them into strategic assets, and our new metrics hub is a prime example, providing a dashboard that tracks AI extraction accuracy, AI related KPIs, and risk indicators in real time. With interactive charts, filters, and trend analysis, raw contract data becomes intelligence that drives better decisions.
- Gain visibility: Monitor AI performance and contract health across your portfolio.
- Improve AI training: Identify gaps and optimize extraction for greater accuracy.
- Reduce risk: Detect clause language issues before they impact deals.
Improved collaboration and oversight
Tracking team involvement and keeping stakeholders updated is a common challenge in contract management. Conga solves this by enabling role-based permissions, workflow collaboration, and real-time notifications.
- Boost collaboration: Align legal, procurement, and sales teams with shared visibility.
- Maintain oversight: Notifications and tracking ensure everyone stays informed.
- Audit trails provide transparency and accountability across the contract lifecycle.
Obligation management and fulfillment assurance
Incomplete obligation workflows and lack of visibility lead to compliance gaps and missed deadlines. Obligation Management in Conga CLM for Salesforce automates tracking and fulfillment, turning obligations into actionable insights. In addition to identifying obligations and due dates, you determine assignees and reviewers, ensuring that every commitment is monitored and verified.
- Improve compliance: Automated workflows reduce risk and ensure obligations are met.
- Enhance accountability: Clear tracking and proof of fulfillment keep internal and external stakeholders aligned.
- Leverage insights: Obligation data feeds into dashboards for proactive risk management.
The bottom line: unlock contract intelligence to drive compliance, reduce risk, and accelerate growth
Contracts are vital connectors within your business, not just legal documents. With Conga CLM, you can transform contracts into sources of insight and growth. Our enhancements help you gain deeper insights and act with agility in today’s fast-paced marketplace.
Interested in how these new features can improve your contracting process?