Press release: Join and Merck to bring CLM solution to the market
Technology-driven companies are jointly working on a new CLM solution based on Microsoft 365.
More and more companies around the world are facing challenges when it comes to drafting, negotiating, and managing contracts as well as legal projects and disputes. In response to the rising demand, the science and technology company Merck and its software partner Join have joined forces. Together, they aim to provide a fully digital and integrated solution and are preparing to launch an end-to-end contract and document lifecycle management (CLM) solution.
- Fully digital end-to-end CLM enables handling of contracts in a more simplified and completely new way.
- Thorough workflow support in all contract phases form initiation till termination of contracts will benefit all involved parties.
- Based on Microsoft 365, the CLM avoids unnecessary complexity in the IT system landscape and brings important functionalities including seamless collaboration and IT security.
- The blueprint and starting point for the CLM is LEDOX, a contract management solution implemented at Merck last year.