Top 4 CLM Features to Close Major Deals in 2024

Why Contract Management?

Landing big business contracts is the lifeblood of any business. But let’s face it, the contract lifecycle management (CLM) process can be a bureaucratic beast. Endless paperwork, missed deadlines, and hidden clauses lurking in legal jargon — enough to make even the most seasoned salesperson break a sweat.

Thankfully, we’re in 2024, and technology has our backs. With powerful contract lifecycle management CLM Software available in the market today, we need not worry.

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But today we won’t be discussing the top contract lifecycle management CLM Software. We’re going beyond that. We’ll be discussing the exact tools used in CLM Softwares that makes your work life organized and smoother. After all, Contract Lifecycle Management (CLM) tools — are your secret weapons for simplifying the entire contract lifecycle management CLM process, from negotiation to post-execution.

Curious to know about our top 4 picks for contract lifecycle management CLM Software? Click here to read more.

What are Contract Lifecycle Management CLM Tools?

Think of Contract Lifecycle Management CLM tools as your ultimate deal-closing assistants, helping you:

• Draft, review, and approve contracts lightning-fast: Ditch the paper shuffle and say goodbye to endless email chains. Contract lifecycle management CLM tools offer intuitive templates, collaborative editing features, and AI-powered clause analysis to cut contract turnaround time in half.
• Stay on top of deadlines and approvals: Miss a crucial signature? Never again! CLM tools automate workflows, set reminders, and track approvals in real-time, ensuring contracts stay on track.
• Boost collaboration and transparency: Siloed information is a deal-breaker. Contract lifecycle management CLM tools create a central hub for all contract-related documents, accessible to everyone involved, promoting greater transparency and collaboration.
• Minimize risks and ensure compliance: Hidden clauses and missed legal nuances can cost you dearly. Contract lifecycle management CLM tools flag potential risks, track compliance regulations, and provide audit trails, giving you peace of mind.

Want to know more about the 7 stages of contract lifecycle management? Check this out

Top 4 CLM Features for 2024

But with so many contract lifecycle management CLM tools out there, choosing the right one can feel like picking a needle in a haystack. Fear not, professionals! We’ve compiled a list of the Top 4 CLM Tools of 2024 that will have you closing major deals this year:

1. Doc-Track

This document-tracking solution plays an important role in the contract lifecycle management of CLM processes. Think of it as your personal tracking assistant letting you know everything that happens on your document.

Right after you send your document, you get real-time to know:

• Who: Opened your document, understanding the behavior of recipient engagement.
• What: Time spent on each page, pinpointing areas of interest or potential confusion.
• Why: Insightful comments left behind, providing invaluable feedback for revisions or follow-up strategies.

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This detailed analysis is a game-changer, allowing you to:

• Craft targeted follow-ups: Did they linger on the pricing page? Tailor your next conversation to address their concerns.
• Refine client pitches: Identify sections that held their attention, doubling down on those strengths in future presentations.
• Gain the upper hand in negotiations: Track their engagement with key clauses, revealing leverage points for successful deal structuring.

The power of Doc-Track extends beyond client interactions. Imagine:

• Job seekers leveraging the power of feedback: Send your resume with Doc-Track and analyze recruiter behavior to understand areas for improvement, making your next application even stronger.
• HR teams boosting candidate engagement: Send offer letters with Doc-Track and receive automatic reminders for those who haven’t signed yet, streamlining the onboarding process.
• Educators gaining student insights: Share study materials with Doc-Track to see which sections students focus on, helping you tailor future lessons for maximum engagement.

These are just a glimpse of Doc-Track’s versatility. With its real-time tracking and granular insights, it becomes your secret weapon for closing deals, navigating diverse workflows, and gaining a strategic edge in any document-driven interaction.

2. eSignature

eSignatures — the convenient, secure, and lightning-fast way to close deals, finalize agreements, and keep your business moving forward. But with so many eSignature options out there, how do you choose the right one? Worry not, dear professionals, because ZoopSign offers a trio of eSignature solutions tailor-made for your diverse needs:

Aadhaar-based eSignatures

Discover the power of India’s unique identity system! This eSignature method leverages the security and ubiquity of Aadhaar cards, allowing users to sign documents within seconds using their registered mobile number and OTP.

Benefits:

• Legally binding: Aadhaar eSignatures have the same legal validity as handwritten signatures.
• Widespread accessibility: Perfect for reaching millions of Aadhaar cardholders across India.

WhatsApp eSignatures

Tap into the power of the world’s most popular messaging app! This innovative eSignature option lets you send documents for signing directly through WhatsApp, making the process seamless and familiar for you and your recipients.

Benefits:

• Unmatched familiarity: Leverages the user-friendly interface of WhatsApp, eliminating the learning curve.
• High engagement: Reach recipients directly on their preferred platform, boosting response rates.
• Secure and auditable: Ensures document integrity and provides a clear audit trail.

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Email eSignatures

The classic eSignature choice gets a ZoopSign upgrade! Our email integration allows you to embed signing fields directly into emails, streamlining the process and minimizing back-and-forth communication.

Benefits:

• Effortless integration: Works seamlessly with your existing email workflow.
• Global reach: Send documents for signature to anyone, anywhere, with an email address.
• Secure and transparent: Provides digital signatures and audit trails for enhanced security.

3. Talk to PDF

Imagine a world where PDFs aren’t just static walls of text, but interactive portals to knowledge. A world where you can effortlessly extract key points, ask questions directly, and even redact sensitive information — all with a simple click. Enter Talk to PDF, the AI-powered platform that redefines your relationship with these documents.

With Talk to PDF’s redaction feature, it’s as easy as 1–2–3:

1. Upload the PDF: Simply upload the document you need to extract key pointers from.
2. Find important info: Once you’ve uploaded your PDF, our smart AI tool will help you redact sensitive info from your document
3. Extract the PDF: Download the redacted PDF, knowing sensitive information is securely hidden.

But Talk to PDF continues beyond redaction. Imagine having a personal AI assistant who can summarize complex legal jargon, clarify confusing clauses, and even answer specific questions directly from the text.

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That’s what the “Chat” feature offers:

1. Ask away: Type your question about the PDF content in plain English.
2. Get smart answers: Talk to PDF’s AI analyzes the document and provides concise, relevant responses.
3. Ditch the deciphering: No more struggling with legalese — Talk to PDF translates confusing language into clear, actionable insights.

4. zDrive

zDrive — your secure haven for contract organization and peace of mind. This cloud-based storage system isn’t just another digital filing cabinet; it’s a protection for your most critical business assets.

This isn’t just a storage solution; it’s a game-changer for contract management. Say goodbye to paper mountains, lost documents, and security worries. Embrace the cloud storage and experience the peace of mind that comes with knowing your contracts are safe, organized, and accessible.

Where to Start with Contract Management?

So, where do you start? How about you book a demo with us today? No sales pitch, just a one-on-one walk-through of how ZoopSign can transform your deal-closing game.

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Feeling cautious? No worries! ZoopSign also offers a free-for-life basic plan.

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Ready to unleash your deal-closing power? Explore ZoopSign’s standard, advanced, and business plans to find the perfect fit for your growing business.

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Remember, in 2024, contract lifecycle management CLM tools are no longer a luxury — they’re a necessity. With the right tools by your side, you can say goodbye to contract headaches and hello to closing major deals with confidence, efficiency, and a whole lot less drama. Now go forth and conquer, deal-makers!