The Onit CLM Clause Usage Dashboard is a Tableau dashboard that provides a comprehensive, interactive visualization of clause management trends within customers' contract portfolios, offering granular insights and strategic overviews.
The dashboard empowers legal teams, contract managers, and executives to optimize contract performance and reduce legal risk by delivering critical data about clause usage and modifications.
Overall Benefits
- Strategic Insights: Legal teams can identify and address frequently negotiated clauses, minimizing time spent on repetitive edits.
- Risk Mitigation: By understanding deletion and modification patterns, teams can align templates closer to customer preferences, reducing risks in contract disputes.
- Increased Efficiency: Automating the analysis of clause behavior will allow for quicker contract turnarounds and template optimization, enhancing customer satisfaction.
- Data-Driven Decisions: This dashboard provides actionable intelligence, helping stakeholders make informed decisions on contract standardization, negotiation, and overall contract portfolio management.
Dashboard Reports
The dashboard will include the following reports:
Most Used Clauses
- Understand which clauses are most frequently used across contracts, identifying commonly accepted terms.
- Drive standardization by promoting high-frequency clauses, streamlining contract negotiation processes.
Most Modified Clauses
- Highlight clauses that frequently undergo modifications, revealing areas of negotiation sensitivity or legal complexity.
- Identify clauses needing revision to better reflect business needs and reduce negotiation time.
Most Deleted Clauses
- Get visibility into commonly removed clauses, suggesting potential disconnect between contract templates and customer preferences.
- Optimize templates by eliminating unused or unwanted clauses, enhancing customer satisfaction.
Clause Usage vs. Clause Modification
- Compare clause frequency against modification rates to identify trends where frequently used clauses may require regular adjustments, signaling potential template improvement opportunities.
Clause Usage vs. Clause Deleted
- Analyze the relationship between clause frequency and deletion rates, helping pinpoint clauses that might be irrelevant or overused in certain contract types or industries.
Termination Clause Types
- Break down the various types of termination clauses utilized, offering insights into common termination strategies and their impact on contract outcomes.'
- Support risk mitigation by identifying which termination clauses lead to better contract management and reduced disputes.
Top 10 Clause Modifiers
- Track which users or departments are most frequently modifying clauses, helping identify patterns in negotiation behavior and internal workflow bottlenecks.
- Enhance accountability and training by focusing on key individuals or groups that frequently modify high-risk clauses.
Most Inserted Clauses by Contract Type
- Gain visibility into which clauses are added most often across different contract types, informing contract drafting strategies based on contract category (e.g., NDAs, Sales Agreements).
- Improve contract efficiency by ensuring that the proper clauses are included for specific contract types from the outset.
Summary
This Tableau dashboard delivers a data-centric view of how clauses are used, modified, and managed, helping legal and contract teams drive efficiency, reduce risk, and improve contract performance across the portfolio.