CLM Matrixfrom Wolters Kluwer ELM Solutions, the market-leading provider of enterprise legal spend and matter management, contract lifecycle management, and legal analytics solutions, has been recognized as a “Strong Performer” in The Forrester Wave™: Contract Lifecycle Management For All Contracts, Q1 2021 report.
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“We believe this ranking confirms that CLM Matrix is now aligned with the portfolio of world-class workflow tools that automate processes to improve efficiency and drive positive business outcomes that we deliver to corporate legal departments globally.”
According to the report, contract management software has transcended its original purpose of creating, negotiating, and storing contracts and evolved into a critical engine of business intelligence and analytics.
“Wolters Kluwer ELM Solutions emerges as a leading option for legal departments…Wolters Kluwer, a leading provider of enterprise legal management (ELM) software, acquired CLM Matrix to add to its portfolio of software tools for legal departments and law firms,” the report, authored by Andrew H. Bartels, VP and Principal Analyst at Forrester Research, Inc., notes. “Since that acquisition, Wolters Kluwer ELM Solutions has integrated the CLM product with the rest of its products in terms of workflow and data and enhanced the user interface.” The reports also notes how clients of Wolters Kluwer ELM Solutions “gave it above-average scores for usability and vendor support.”
“We are elated that CLM Matrix has been recognized as a strong performer, and that client feedback gave above-average scores for usability and vendor support,” said Grant Ramsey, Director, General Management, for Wolters Kluwer ELM Solutions’ CLM Matrix. “We believe this ranking confirms that CLM Matrix is now aligned with the portfolio of world-class workflow tools that automate processes to improve efficiency and drive positive business outcomes that we deliver to corporate legal departments globally.”
CLM Matrix addresses the growing need of corporate legal departments who oversee the organization’s contracting process. Through integration with Wolters Kluwer’s Passport® and TyMetrix® 360° matter and spend management solutions, CLM Matrix helps customers leverage the power of contract management in concert with matter management. These workflows provide increased efficiencies and greater visibility into contract transactions, helping organizations mitigate corporate risk.
ELM Solutions, part of Wolters Kluwer’s Governance, Risk & Compliance division, is the market-leading global provider of enterprise legal spend and matter management, contract lifecycle management and legal analytics solutions. The company provides a comprehensive suite of tools that address the growing needs of corporate legal operations departments to increase operational efficiency and reduce costs. Corporate legal and insurance claims departments trust its innovative technology and end-to-end customer experience to drive world-class business outcomes.
Wolters Kluwer ELM Solutions was named a leader in both the IDC MarketScape: Worldwide Enterprise Legal Spend Management 2020 Vendor Assessment and IDC MarketScape: Worldwide Enterprise Matter Management 2020 Vendor Assessment. The company’s award-winning products include Passport®, the highest rated ELM solution in the latest Hyperion MarketView™ Legal Market Intelligence Report and TyMetrix® 360°, the industry’s leading SaaS-based e-billing and matter management solution. ELM Solutions’ LegalVIEW® portfolio of legal analytics solutions is based upon the industry’s largest and most comprehensive legal spend database, with more than $140 billion in invoices.
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