Peer into the fabric of almost any business, and you`ll find a network of contracts. They exist for nearly everything that takes place at work, from tax preparation and employee contracts to vendor relations and of course client relationships.But in spite of their importance, contracts are often managed using extremely outdated systems :homespun, cobbled-together routines and horrendously inefficient practices that cause business owners to miss out productivity, growth, and profits. You may not think your contract management software is outdated, but if you use any of the following words to describe your system, then perhaps it is time to reassess how you are handling your documents. Contract Lifecycle Management or CLM Software is critical for many small, medium and large businesses across the world to maintain great relationships with customers, vendors, suppliers and employees. Key features of the CLM software includes contract drafting or authoring, contract redlining, contract negotiation, contract signature, contract amendment and contract renewals. Best Contract Management systems makes sure that the business relationships are managed as efficiently as possible and makes sure that contract process is streamlined to the point that the business risks are minimized to zero. If your business deals with a considerable number of parties and contracts and documents, it does not makes sense to use excel or a simple tool to manage documents and agreements and this process can become very complicated and overwhelming over time to find the business relationships and keep them updated.With CMx Software and it’s rich features, managing documents and contracts is much simpler and easier.