{"id":4087,"date":"2023-08-29T17:43:46","date_gmt":"2023-08-29T17:43:46","guid":{"rendered":"https:\/\/businessyield.com\/tech\/?p=4087"},"modified":"2023-08-29T17:43:48","modified_gmt":"2023-08-29T17:43:48","slug":"docusign-clm-reviews","status":"publish","type":"post","link":"https:\/\/businessyield.com\/tech\/technology\/docusign-clm-reviews\/","title":{"rendered":"DOCUSIGN CLM REVIEWS 2023: Features, Pricing, Pros &amp; Cons","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"<p>DocuSign CLM enables businesses to connect and automate the processes for creating, approving, acting upon, and managing contracts. In order to streamline your business operations and speed up transaction closure, Docusign CLM generates, automates, organizes, and stores your documentation and contracts, in addition to making it simpler for your clients to do business with you. Docusign CLM reviews portray the tool as one of the best CLM tools in the market, providing a single interface to make the operation of creating contracts more efficient. Docusign CLM costs $39 and has an annual billing rate. Here is a detailed review of the Docusign CLM software &amp; Salesforce.<\/p><h2 class=\"wp-block-heading\" id=\"h-docusign-clm-review\"><span id=\"docusign-clm-review\">Docusign Clm Review<\/span><\/h2><p>DocuSign CLM (Contract Lifecycle Management) streamlines the contract lifecycle by automating tedious tasks, coordinating complex activities, and reducing risk. It offers workflow, collaboration, document generation,&nbsp;native incorporation with DocuSign eSignature, and a searchable database for finished agreements. CLM and other critical business systems like Salesforce, Workday, <a href=\"https:\/\/www.indeed.com\/career-advice\/finding-a-job\/what-is-sap\">SAP<\/a>, and others can use best-in-class pre-built interfaces. In essence, DocuSign CLM automates manual procedures to reduce the agreement lifecycle, thereby,&nbsp;expediting business transactions, increasing compliance, and improving business intelligence. The Docusign CLM software solution has three editions; Docusign CLM Essentials, Docusign CLM, and Docusign CLM+.<\/p><h2 class=\"wp-block-heading\" id=\"h-features-of-docusign-clm\"><span id=\"features-of-docusign-clm\">Features of Docusign Clm<\/span><\/h2><h3 class=\"wp-block-heading\" id=\"h-1-file-management\"><span id=\"1-file-management\">#1. File Management<\/span><\/h3><p>Docusign CLM file management feature provides support for various file types, which include: Google Docs, Microsoft Office, pictures, movies, etc. This feature also includes the file metadata and description of each imported file, and keeps track of changing versions of these files.<\/p><h3 class=\"wp-block-heading\" id=\"h-2-contract-creation-document-generation\"><span id=\"2-contract-creation-document-generation\">#2. Contract creation\/Document generation<\/span><\/h3><p>With a single click, businesses can easily create documents. A clause library and templates make this process quick and simple. Docusign CLM allows the sales team to stay in Salesforce or another data repository while drafting new, error-free contracts. <\/p><p>By utilizing predefined templates, which automatically populate with legal-approved language and client information from Salesforce, company staff can reduce the amount of time spent on contract work and instead allocate more time to other productive activities. The entire contract management process is made relatively easy with these functionalities provided by this feature:<\/p><h4 class=\"wp-block-heading\" id=\"h-u-automated-generation\"><span id=\"u-automated-generation\">\u00fc Automated Generation<\/span><\/h4><p>This function assists businesses in filling out documents and generating new agreements with all the necessary data from data repository sites like Salesforce, as well as choosing from a wide range of existing templates to streamline the contract-creating process.<\/p><h4 class=\"wp-block-heading\" id=\"h-u-nbsp-advanced-formatting\"><span id=\"u-advanced-formatting\">\u00fc&nbsp; Advanced Formatting<\/span><\/h4><p>With functionalities such as dynamic tables, currency conversion, conditional logic to show\/hide information, and complete customization, businesses can always get every detail right for a professional contract. These contracts may also include annexes that provide supplementary resources, such as photographs, notes, and invoices.<\/p><h4 class=\"wp-block-heading\" id=\"h-u-nbsp-clause-library\"><span id=\"u-clause-library\">\u00fc&nbsp; Clause Library<\/span><\/h4><p>Contract&#8217;s legal staff can establish a library of pre-approved terms and backup options for non-legal parties to use during negotiations. This function also assists in ensuring contract compliance by adding necessary clauses for consistency and efficiency.<\/p><h3 class=\"wp-block-heading\" id=\"h-3-contract-collaboration\"><span id=\"3-contract-collaboration\">#3. Contract Collaboration<\/span><\/h3><p>Docusign CLM software facilitates contract management and collaboration among stakeholders\/parties. In order to come to an agreement, it is crucial for important internal and external contract stakeholders to collaborate through a shared online portal with chat capabilities. By doing so, they can analyze different contract provisions, compare different versions, assign tasks, make edits, and establish regulations.<\/p><p>Through the following functions, this tool helps teams collaborate and fulfill contracts faster;<\/p><h4 class=\"wp-block-heading\" id=\"h-external-evaluation-and-version-comparison\"><span id=\"external-evaluation-and-version-comparison\">External Evaluation and Version Comparison<\/span><\/h4><p>This function ensures streamlined version control and automated contract routing. With the ability to swiftly compare changes over time, in addition, contracts may be easily sent by email to the counterparty for evaluation and, furthermore, internal and external approval within a controlled system.<\/p><h4 class=\"wp-block-heading\" id=\"h-u-nbsp-tasks-and-comments-with-history\"><span id=\"u-tasks-and-comments-with-history\">\u00fc&nbsp; Tasks and Comments with History<\/span><\/h4><p>Remarks and tasks help businesses streamline internal communication and collaboration, which ultimately&nbsp;speeds up the approval process and saves time. Also,&nbsp;the editing history provides a comprehensive audit trail, complete with an explanation of the causes behind each change.<\/p><h4 class=\"wp-block-heading\" id=\"h-u-nbsp-approval-process\"><span id=\"u-approval-process\">\u00fc&nbsp; Approval process<\/span><\/h4><p>Processes for contract approvals can be reduced to make it easier to rationally incorporate departmental activities into the system. AI-assisted negotiation capabilities can expedite contract reviews and approval processes while keeping a thorough audit trail of all negotiations.<\/p><h4 class=\"wp-block-heading\" id=\"h-u-nbsp-slack-integration\"><span id=\"u-slack-integration\">\u00fc&nbsp; Slack integration<\/span><\/h4><p><a href=\"https:\/\/en.wikipedia.org\/wiki\/Slack_(software)\">Slack<\/a> allows businesses to collaborate in real-time with contacts and keep them updated on tasks and upcoming events. Tasks and comments alert users to perform evaluations swiftly and allow them to respond via email and Slack.<\/p><h3 class=\"wp-block-heading\" id=\"h-4-workflows\"><span id=\"4-workflows\">#4. Workflows<\/span><\/h3><p>By automating the flow of contracts based on business standards like the type of agreement or the amount of money at stake, Docusign CLM relieves businesses of the burden of determining who should sign or review a contract next in the course of preparing a contract.<\/p><p>The contract may be sent to billing or any other sector when the review stage is finished, or additional actions such as storing the contract in the appropriate location may be started automatically by Docusign CLM. Automated workflows keep contracts flowing and eliminate restrictions and roadblocks using these functions;<\/p><h4 class=\"wp-block-heading\" id=\"h-u-nbsp-workflow-steps\"><span id=\"u-workflow-steps\">\u00fc&nbsp; Workflow steps<\/span><\/h4><p>With a drag-and-drop editor, you can quickly add and modify more than 100 pre-built phases to create the ideal standardized workflow procedure for your contracts. Internal processes can be automated by defining a sequence of criteria and actions. This strategy is flexible and easy to implement, making it suitable for usage in a wide variety of settings.<\/p><h4 class=\"wp-block-heading\" id=\"h-u-nbsp-conditional-routing\"><span id=\"u-conditional-routing\">\u00fc&nbsp; Conditional routing<\/span><\/h4><p>Create workflows with different executions according to specified rules for maximum flexibility and automation. Depending on the complexity of the contract, you can provide sequential or parallel approval workflow paths.<\/p><h4 class=\"wp-block-heading\" id=\"h-u-nbsp-workflow-activities\"><span id=\"u-workflow-activities\">\u00fc&nbsp; Workflow activities<\/span><\/h4><p>Using this workflow function, businesses can automatically start processes that alert users when their participation is necessary or move processes forward for quick completion. These activities carried out by users can easily be specified as automated actions.<\/p><h3 class=\"wp-block-heading\" id=\"h-5-contract-management\"><span id=\"5-contract-management\">#5. Contract Management<\/span><\/h3><p>Business legal teams will save significant time by having quick access to safe contracts housed in a single, searchable location with advanced user authorization controls that prevent unauthorized users from retrieving or viewing documents. This feature incorporates these functionalities;<\/p><h4 class=\"wp-block-heading\" id=\"h-u-nbsp-central-storage\"><span id=\"u-central-storage\">\u00fc&nbsp; Central storage<\/span><\/h4><p>Set specific access rights and create a single source of information for your legal department from stored contracts in a central, searchable location.<\/p><h4 class=\"wp-block-heading\" id=\"h-u-nbsp-dashboards-and-reports\"><span id=\"u-dashboards-and-reports\">\u00fc&nbsp; Dashboards and Reports<\/span><\/h4><p>Discover insights and keep an eye on your contract workflow by using basic and unique reports. Track important KPIs visually by using dashboards with charts for each report, access real-time overviews of contract activity, and enable standard and custom&nbsp;reporting of contract statuses and timetables.<\/p><h4 class=\"wp-block-heading\" id=\"h-u-nbsp-clm-360\"><span id=\"u-clm-360\">\u00fc&nbsp; CLM 360<\/span><\/h4><p>Across all business agreements and parties, this function employs detailed, readable metadata that includes various custom properties. You can monitor contract renewals, generate obligation reports, explore agreement hierarchies, and calculate overall contract values. Also utilize agreement reports to control commitments, renewals, and more.<\/p><h4 class=\"wp-block-heading\" id=\"h-u-nbsp-ai-extraction\"><span id=\"u-ai-extraction\">\u00fc&nbsp; AI extraction<\/span><\/h4><p>For easier analysis and organization without unnecessary stress, use AI to automatically detect common properties in contracts and assign metadata tags. AI-driven contract analytics can easily find and filter agreements using keywords, concepts, and meta-data.<\/p><h3 class=\"wp-block-heading\" id=\"h-6-analytics\"><span id=\"6-analytics\">#6. Analytics<\/span><\/h3><p>Docusign CLM analytics can facilitate the legal team of an organization in keeping track of contract deadlines and commitments. A negotiated agreement can also highlight high-risk clauses to help you understand what you&#8217;re signing and give legal a head start on their assessment. This AI and analytics designed for contracts in general help businesses recognize patterns and opportunities for enhancement and optimization, to save time, lower risk, and increase contract discoverability;<\/p><ul class=\"wp-block-list\"><li>Using over 100 pre-trained AI models, to extract, analyze, and report on crucial contract data points and legal themes.<\/li>\n\n<li>Using analytics, risk assessments, and contract content to conditionally drive workflows results in shorter contract cycles.<\/li>\n\n<li>Aiding businesses to gain knowledge to speed up legal review, lower procurement costs, and close sales transactions more quickly<\/li><\/ul><h3 class=\"wp-block-heading\" id=\"h-7-integrations\"><span id=\"7-integrations\">#7. Integrations<\/span><\/h3><p>Prebuilt connectors and rich APIs eliminate duplicate, manual tasks by integrating with Salesforce and other systems, allowing staff employees to work with the programs they are already familiar with. The CPQ and CRM integration capabilities of the contract management platform allow for the incorporation of computed quote information into the contract as well as the linking of contracts to client records.<\/p><h3 class=\"wp-block-heading\" id=\"h-8-esignature\"><span id=\"8-esignature\">#8. eSignature<\/span><\/h3><p>The waiting time for signatures is significantly decreased by Docusign CLM thanks to a flawless digital signing process. With e-signature technology, participants can immediately approve various documents in a secure manner, and workflows transport these documents through further phases automatically, eliminating the need for any form of physical paperwork.<\/p><h2 class=\"wp-block-heading\" id=\"h-docusign-clm-for-salesforce\"><span id=\"docusign-clm-for-salesforce\">Docusign Clm for Salesforce<\/span><\/h2><p>By automating laborious procedures, coordinating intricate workflows, and removing needless risk, DocuSign CLM for Salesforce enables businesses to simplify the contract lifecycle.<\/p><p>It syncs effortlessly&nbsp;with both Salesforce and DocuSign eSignature for Salesforce and&nbsp;offers; document generation, collaboration, workflow, and a central agreement database. Businesses can speed up corporate operations, boost compliance, and enhance the customer and employee experience by automating the entire agreement process. Sellers will be able to complete all of their necessary tasks during the agreement process within Salesforce by using DocuSign CLM. Simultaneously, contract administrators and legal teams can examine, update, and approve documents from a simple web application without the need for Salesforce licenses. This enables both the legal and contract teams to exert more influence and consistency over wording, terms, and approvals while allowing the sellers to continue selling. More efficient time to revenue, lower labor expenses, and higher renewal rates are the resulting outcomes of this integration.<\/p><p>The world&#8217;s top eSignature solution, DocuSign eSignature, is deeply linked with DocuSign CLM. Both products are a part of the DocuSign Agreement Cloud for Salesforce, a collection of tools that are tightly linked with Salesforce and help businesses speed up the creation, execution, and management of agreements, including bids, sales orders, and renewals.<\/p><h2 class=\"wp-block-heading\" id=\"h-key-functions-of-docusign-clm-for-salesforce\"><span id=\"key-functions-of-docusign-clm-for-salesforce\">Key Functions of Docusign Clm for Salesforce<\/span><\/h2><p>Some key functions performed by the Docusign CLM Salesforce integration include;<\/p><ul class=\"wp-block-list\"><li>The use of Salesforce data to generate agreements using pre-made templates. New contracts can be created for businesses automatically, complete with information pulled from Salesforce objects like opportunity and quote records.<\/li>\n\n<li>Redlining, version control, and centralizing discussions. This integrated software uses collaboration tools to keep everyone informed and on the same page by highlighting changes, tracking approvals, and centralizing version control.<\/li>\n\n<li>Legal team permission to provide predetermined fallback clauses that representatives and managers can utilize in talks. This provides users with access to a clause library of legal language that can be included in contracts to increase compliance and reduce risk.<\/li>\n\n<li>Designing intricate workflows easily&nbsp;without coding using only clicks. By using automated workflows that you can assess and continually improve, you can keep agreements flowing.<\/li>\n\n<li>Salesforce store and search. By having the ability to quickly search for and identify agreements from within Salesforce without navigating to the Docusign CLM software, less time will be spent looking for contracts.<\/li>\n\n<li>Automated reminders. By reminding your salespeople of contract renewals and other crucial dates, you&#8217;ll give them the chance to grow their income and customer connections.<\/li><\/ul><h2 class=\"wp-block-heading\" id=\"h-benefits-of-docusign-clm\"><span id=\"benefits-of-docusign-clm\">Benefits of DocuSign Clm<\/span><\/h2><p>There are numerous benefits to using Docusign CLM. Some of these include;<\/p><h4 class=\"wp-block-heading\" id=\"h-1-increased-efficiency\"><span id=\"1-increased-efficiency\">#1. Increased efficiency<\/span><\/h4><p>Major inefficiencies are removed, which speeds up the contracting process, resulting in quicker deal closures and a shorter time to revenue.<\/p><h4 class=\"wp-block-heading\" id=\"h-2-reduced-risk\"><span id=\"2-reduced-risk\">#2. Reduced risk<\/span><\/h4><p>Workflow rules ensure that contracts follow outlined procedures, and artificial intelligence gives you the ability to spot risky regions depending on market circumstances.<\/p><h4 class=\"wp-block-heading\" id=\"h-3-reduced-error-rate\"><span id=\"3-reduced-error-rate\">#3. Reduced error rate<\/span><\/h4><p>Since CLM can access and transfer data instantly from different record systems, entry mistakes and inconsistencies are avoided.<\/p><h4 class=\"wp-block-heading\" id=\"h-4-better-organization\"><span id=\"4-better-organization\">#4. Better organization<\/span><\/h4><p>Digital documents are kept in a safe, convenient repository that enables regulated access and simple retrieval. Across all systems, Docusign CLM establishes one source of information.<\/p><h4 class=\"wp-block-heading\" id=\"h-5-increased-productivity\"><span id=\"5-increased-productivity\">#5. Increased productivity<\/span><\/h4><p>Less time is spent on mundane contract-related duties, which frees up staff to focus more on high-value strategic work.<\/p><h4 class=\"wp-block-heading\" id=\"h-6-greater-visibility\"><span id=\"6-greater-visibility\">#6. Greater visibility<\/span><\/h4><p>Employees have complete access to agreements, including knowledge of who changed what and why.<\/p><h4 class=\"wp-block-heading\" id=\"h-7-better-experience\"><span id=\"7-better-experience\">#7. Better Experience<\/span><\/h4><p>With a quick and simple contract process, businesses can make a good first impression on clients and partners.<\/p><h2 class=\"wp-block-heading\" id=\"h-how-does-clm-work\"><span id=\"how-does-clm-work\">How does CLM work?<\/span><\/h2><p>Contract lifecycle management (CLM) is the process of digitally managing agreements made with customers, vendors, partners, or employees through every stage of the cycle, and encompasses creating, managing, sharing, and archiving business contracts.<\/p><h2 class=\"wp-block-heading\" id=\"h-what-does-docusign-clm-do\"><span id=\"what-does-docusign-clm-do\">What does DocuSign CLM do?<\/span><\/h2><p>DocuSign CLM (Contract Lifecycle Management) allows you to streamline the contract lifecycle by automating manual tasks, orchestrating complex workflows, and reducing unnecessary risk.<\/p><h2 class=\"wp-block-heading\" id=\"h-conclusion\"><span id=\"conclusion\">Conclusion<\/span><\/h2><p>DocuSign CLM (review) is redefining how companies of all sizes transact business through agreements and contracts. DocuSign CLM enables departments and sectors to conduct business more quickly, more safely, more affordably, and with better employee and customer experiences by linking and automating the whole agreement process. With a powerful and expandable workflow engine that can automate even the most complicated document procedures, Docusign CLM goes beyond just contract management and additionally, improves visibility at every stage of an organization&#8217;s processes by standardizing them. It also offers a robust support system, including expert advice on how businesses can incorporate this CLM and achieve results.<\/p><p>You can leave your questions on DocuSign Clm reviews, if any, in the comment section.<\/p><h3 class=\"wp-block-heading\" id=\"h-related-articles\"><span id=\"related-articles\">Related Articles<\/span><\/h3><ol class=\"wp-block-list\"><li><a href=\"https:\/\/businessyield.com\/tech\/technology\/how-much-did-amazon-pay-for-thursday-night-football\/\" target=\"_blank\" rel=\"noreferrer noopener\">Amazon&#8217;s $11 Billion Bet on Thursday Night Football: A Bold Move or Fool&#8217;s Errand?<\/a><\/li>\n\n<li><a href=\"https:\/\/businessyield.com\/tech\/how-to\/how-to-turn-off-power-reserve-on-apple-watch\/\" target=\"_blank\" rel=\"noreferrer noopener\">How To Turn Off Power Reserve on Apple Watch: A Simple Guide<\/a><\/li>\n\n<li><a href=\"https:\/\/businessyield.com\/tech\/how-to\/how-to-unlock-your-verizon-iphone-the-complete-guide\/\" target=\"_blank\" rel=\"noreferrer noopener\">How to Unlock Your Verizon iPhone: The Complete Guide<\/a><\/li>\n\n<li><a href=\"https:\/\/businessyield.com\/tech\/technology\/top-15-docusign-alternatives-competitors\/\" target=\"_blank\" rel=\"noreferrer noopener\">Top 15 Docusign Alternatives &amp;amp; Competitors 2023<\/a><\/li><\/ol>","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"excerpt":{"rendered":"DocuSign CLM enables businesses to connect and automate the processes for creating, approving, acting upon, and managing contracts.&hellip;\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"author":259,"featured_media":4370,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[35],"tags":[],"class_list":{"0":"post-4087","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-technology"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.9 (Yoast SEO v23.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>DOCUSIGN CLM REVIEWS 2023: Features, Pricing, Pros &amp; Cons<\/title>\n<meta name=\"description\" content=\"DocuSign CLM for Salesforce simplifies contract lifecycles by automating tedious tasks, managing complex operations, and eliminating risk. 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