What is CLM software?
–
CLM software is a digital tool that automates and streamlines the entire
contract lifecycle, from creation and negotiation to execution, storage, renewal, and analysis.
Melento’s CLM software enables businesses to efficiently manage their contracts and associated
documents, enhancing visibility, compliance, and collaboration.
What Are The Key Security Features To Look For In A Contract Management Tool?
+
A secure contract management tool, such as Melento CLM, comes with:
- Data encryption
- Role-based access controls to manage user permissions
- Audit trails for tracking activity and changes
- Secure cloud storage with compliance certifications (e.g., ISO, SOC 2, GDPR),
To ensure your contracts remain secure, confidential, and compliant.
How Can I Draft A Contract In Melento’s CLM Software?
+
It’s super easy to draft a contract in Melento CLM. Compose the contract
from scratch, upload any document provided by your partners, create your own templates, or use
the pre-existing templates provided in the tool. Based on your requirements, you can add the
pre-approved clauses from the clause library.
Can I Renew A Document In CLM Software?
+
Yes, you can renew agreements or documents nearing their expiration date
using the calendar feature in Melento’s CLM software dashboard. Set up the renewal date for a
contract and get automated reminders for its renewal.
What Can Contract Management Software Ensure?
+
Melento’s Contract Management software empowers teams to manage the entire
contract lifecycle with precision and control. Automating reviews, approvals, and renewals
minimizes legal and compliance risks, ensures enforceability, and provides complete visibility
into obligations and deadlines. Centralized repositories and AI-driven automation eliminate
version conflicts, reduce value leakage, and safeguard organizations against missed commitments.
The result is faster deal cycles, stronger compliance, and measurable efficiency gains across
the contracting process.
Can I Choose Who Can Sign, Edit, Or Approve The Contracts?
+
Yes, you can. In Melento’s CLM software, you can assign specific roles to
relevant people, such as options to edit, collaborate, approve, suggest, and sign. They can not
deviate from the role assigned to them or undertake any other action. That way, your contract is
safe against unauthorized use.
Where Can I Find The Clauses Created?
+
Melento’s CLM software allows you to select available clauses from a range
of clause options available in the clause library. If you are drafting the contract or creating
a template and need to add a clause, click on the ‘Clause Library’ in the integrated document
editor, copy your preferred clause, and paste it into the contract.
Can I Add The Company Logo To The Contract?
+
You can add your organization details and the logo while creating the
template or document in the Melento CLM Software. In the integrated document editor, you can add
the company details by using either the ‘header’ or ‘footer’ option to add the company details
and upload an image of your logo.
