Best Contract Management Software
| MeRLIN CLM

Master Your Contracts with MeRLIN's Simplified Approach to Procurement and CLM

MeRLIN’s Simplified Contract Life Cycle Management

A Digital Contract enhances value, saves time and cost

Digitize contracts to save time, cut costs, and boost traceability. Stay in control of milestones and ensure full compliance.

Standardizing and monitoring the Contract process

Simplify contracts with templates and version management. Streamline creation, approvals, and tracking.

Effective Contract Compliance

Mitigate risks with standardized terms, document tracking, and a clear, traceable approval process.

image

Automate Your Procurement Processes Effortlessly with Our Contract Lifecycle Management

MeRLIN Contract Management is your comprehensive solution for optimizing and automating the contract management process. Manage every stage of the contract lifecycle from drafting and approvals to tracking and compliance all in one place. Enable cross-team collaboration, reduce contract risks, and build stronger supplier partnerships through a more transparent and controlled contract negotiation process.

Contract Creation and Contract Information

MeRLIN-Contract-Creation-Icon

Contract Management

MeRLIN-Contract-Management-Icon

Contract Authoring

MeRLIN-Contract-Authoring-Icon

Blogs

Frequently Asked Questions

What’s the difference between Contract Management and Contract Lifecycle Management (CLM)?

While often used interchangeably, Contract Management and Contract Lifecycle Management (CLM) are slightly different. Contract Management usually refers to overseeing contracts after they’ve been signed like tracking compliance, obligations, and renewals. On the other hand, CLM covers the full contract journey from initial request and drafting to negotiation, approval, execution, and renewal or termination. CLM provides a more structured, automated, and proactive approach to managing contracts at every stage.

How does Contract Lifecycle Management (CLM) enhance contract compliance?

CLM improves contract compliance by standardizing contract creation processes, using pre-approved templates, and automating approval workflows. It ensures that all contracts adhere with company policies, legal requirements and industry-specific regulations (e.g., GDPR, HIPAA, SOX, etc.). With built-in alerts, version control and audit trails, CLM tools reduce the risk of missed deadlines, unauthorized changes, or regulatory breaches.  Role-based access controls and data protection features also safeguard sensitive supplier contract data and maintain document integrity across the lifecycle.

Why is Contract Lifecycle Management important for businesses?

CLM is essential for businesses because it boosts contract efficiency, cuts operational risks, and ensures legal compliance. By automating workflows and setting reminders for key deadlines, it prevents missed renewals or costly errors. Companies also gain better visibility into contract performance and terms. Overall, CLM saves time, increases productivity, and enhances ROI across departments.

What is Contract Lifecycle Management (CLM)?

Contract Lifecycle Management (CLM) refers to the end-to-end process of creating, managing, and overseeing contracts digitally. From drafting and negotiating to execution and renewal, CLM software ensures every stage is streamlined and tracked. It helps reduce manual work, improve accuracy, and offer better control over business agreements.

Factsheet

Uncover meaningful insights from your sourcing data and trends that translates to new opportunities for savings and growth.

MeRLIN Strategic Sourcing Solution Factsheet