#United States #Redwood City #Agiloft #PwC #Contract Lifecycle Management

Agiloft Collaborates with PwC's Digital Procurement Survey

Agiloft, a renowned leader in data-first contract lifecycle management (CLM), has been announced as a contributing partner in PwC’s 2026 Global Digital Procurement Survey. This collaboration emphasizes the growing recognition of CLM as a vital investment area for organizations, marking its ascent as a standalone investment priority in the procurement landscape.

The Insights from the Survey
Recent findings from the survey highlight that 66.5% of organizations now believe that procurement or sourcing is a key driver behind CLM initiatives. Eric Laughlin, CEO of Agiloft, pointed out that contracts are evolving beyond their traditional role as legal documents. Instead, they are transforming into critical tools for risk management, obligation control, and supplier performance assessment. Consequently, the emphasis on making contract data actionable in crucial decision-making moments is becoming imperative for procurement teams.

The report also suggests that risk management has overtaken efficiency as the primary goal for enterprises deploying CLM systems. Interestingly, 56% of procurement professionals surveyed identified cross-departmental collaboration, especially among Legal, Finance, and Technology units, as the most vital factor in achieving successful digital procurement transformations.

Sector-Specific Challenges

The 6th Edition of the PwC report underscores varying investment priorities and operational hurdles across numerous global sectors. Notably, the healthcare and pharmaceuticals sector reported the highest demand for accelerated processes, with 84% of respondents highlighting efficiency and simplicity as their main transformation drivers. However, the sector faces a challenge as significant gaps exist in supplier management maturity; 45% of respondents categorized their digital maturity as