Transform Your Business with Contract Management
Learning Objectives
After completing this unit, you’ll be able to:
- Explain how Industries CLM delivers digital transformation.
- Describe CLM integration for different industries.
Digital Transformation at Infiwave
Infiwave has undergone a major transformation with the adoption of the CLM solution. Sophia, a sales manager, notices a big change in how her team works and how much more productive they are.
So what does digital transformation at Infiwave look like?
- Omnichannel: Customers can use portals, mobile apps, chats, and other emerging technologies to self-serve with Infiwave, and they can do it with their device of choice. All channels are connected because customer data is centralized in Salesforce.
- Automation: Now that Infiwave uses the CLM solution, they see a lot of opportunities for automation. This includes contract creation, reminders, renewal quotes, alerts and certain key processes. This can increase efficiency, empower sales teams to close more deals, and enable faster onboarding of new customers.
- Central repository: Digital contract storage is essential to store accurate records of all current and former contracts. Infiwave uses a central repository to store all contract data ensuring no valuable data gets lost.
- Digital signatures: By keeping the entire signature process digital, Infiwave can save time and effort in keeping the contracts moving.
- Speed and accuracy: CLM can speed things up at Infiwave. Teams can create, update, send, and get contract signatures in a matter of minutes. Also, effective contract management can use previously validated data to auto populate important fields, reducing the potential for contract errors.
- Innovation: With CLM providing control over the entire spectrum of contract management, Infiwave can gain value at each stage of the process. With centralized information and improved efficiencies, the company reduces risk and improves client relationships.
Sophia can now spend more time selling instead of hunting down contracts, thanks to the Infiwave digital transformation. Her team can manage more clients while concentrating on their core competencies. They can improve their efficiency and use less time and energy to accomplish their intended goals.
Digital Transformation with Industries CLM
Digital transformation isn’t just about rolling out new software. It’s about enabling organizations to streamline business processes through digitization and automation.
Various industries use Industries CLM to digitally transform their business.
Click each industry to learn more.
Let’s Wrap It Up
Congratulations, you’ve learned about the digital transformation using Industries CLM. Refer Deep Dive into Industries Contract Lifecycle Management module to learn more about contract creation and management.