Magic Quadrant for Contract Life Cycle Management
Vendors or products added in this year’s report may indicate a change in the market, change in evaluation criteria, or change of focus by the vendor.
Vendors or products dropped from one year to the next may indicate a change in the market, change in evaluation criteria, or change of focus by the vendor.
Organizations of all sizes need to digitize their CLM process to drive efficiency, continuity and compliance. Implementing CLM can also improve both cost and revenue management. Recent advancements in AI have also improved visibility into contractual obligations and mitigation of contract risk. Enterprises that can align on their CLM objectives are best positioned to choose a solution that serves as a single source of truth for all contract types.
A: We review and adjust our inclusion criteria for Magic Quadrants as markets change. As a result of these adjustments, the mix of vendors in any Magic Quadrant may change over time. A vendor's appearance in a Magic Quadrant one year and not the next does not necessarily indicate that we have changed our opinion of that vendor. It may be a reflection of a change in the market and, therefore, changed evaluation criteria, or of a change of focus by that vendor.