Failure to utilize 80% or more of CLM system features after go-live means failing to utilize 100% of benefits offered by it. Let's deep dive into strong 6 reasons why do contract management tools fail!

1. Why do CLM tools fail?
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Invest in the right CLM tool for your organization.
Source : IACCM
6 Reasons Contract
Management
Tools Fail
Failure to utilize 80% or more of
CLM system features after go-live
means failing to utilize 100% of
benefits offered by it.
80%
Technical challenges trying to
integrate a CLM tool into
existing systems.
1
User dissatisfaction from inefficient
change management.
2
Lack of continued sponsorship
and support for the tool.
3
Lack of coordination and extended
implementation time, leading to a
delayed return on investment.
4
Oversell by the tool vendors,
especially around the capability of
artificial intelligence (AI) and
machine learning (ML).
6
Lack of desired results despite
extensive use of the tool.
5