Enhancements to Contract Logix Advanced Analytics give organizations real-time insights to streamline contract processes and remove legal bottlenecks

LOWELL, Mass., September 19, 2022 /PRNewswire-PRWeb/ — Contract Logix, a leading provider of contract management softwaretoday announced new product features that enhance its already robust data and analytics-driven solutions Contract Lifecycle Management (CLM) platform. The new Contract Logix Metrics Manager empowers organizations to optimize the performance of their contracts and contract processes by visualizing real-time data on average and total contract values, volumes, timeframes, conversion rates and other critical areas.

Organizations can leverage Metrics Manager’s extensive set of easily configurable processing metrics to compare and track key performance indicators (KPIs) to significantly mitigate the business risk associated with their contracts. Metrics Manager dashboards and reports provide actionable insights into contracts and CLM processes, e.g. B. Where legal bottlenecks and risks lie, allowing Contract Logix users to take appropriate action to improve performance, in a manner tailored to the unique needs of their organization. By tracking KPIs in this way, organizations have instant access to critical contract information that helps digitally transform the way they manage legal agreements.

Important facts:

• Well-designed business processes can increase profits and help ensure higher quality and better customer relationships. Poor business processes increase inefficiencies and risks, and can affect the quality of business decisions made based on those processes. Contract Logix’s CLM software enables companies to automate and control contract processes in order to improve and perfect them.
• The Contract Logix Metrics Manager includes several advanced analysis functions, e.g. B. the average number of days in a contract life cycle; average time to achieve contract milestones such as…