Is Circularo Contract Lifecycle Management (CLM) system?

No, Circularo specializes in digital signing, document approvals, and archiving, with a core focus on secure and legally binding electronic signatures. In contrast, CLM (Contract Lifecycle Management) tools are comprehensive, managing the entire contract lifecycle, including legal and compliance aspects usually with AI assisted legal content creation and assessment.

CLM tools offer extensive features for managing contracts from inception to completion, addressing legal and compliance needs. Circularo, while it includes document management and automated approval processes, is primarily designed for enabling paperless transactions through digital signatures. Circularo can meet many CLM requirements but it’s not fully featured end to end CLM solution.

CLM solutions are ideal for organizations handling a high volume of complex contracts needing robust management tools and contract composition tools. Digital signature products like Circularo are suited for scenarios requiring quick, secure, and legally recognized document signing, flexible approvals and secure archiving.  

Some CLM vendors include iManage (https://imanage.com/ ),  Sirion (https://www.sirion.ai/ ), Docusign CLM (https://www.docusign.com/en-au/products/clm