Xerox announced a new strategic partnership with LinkSquares to deliver contract lifecycle management (CLM) capabilities to its customers in the U.S. as part of the company's Capture & Content Services offerings. The partnership follows Xerox Ventures' second investment in LinkSquares earlier this year. Xerox's Capture & Content Services provide advanced multichannel capture and process automation, making information available at point of need to enable clients to make better informed and more proactive business decisions.

The joint solution uniquely enables users to scan, digitize, transform and enhance contracts and make them available within LinkSquares CLM platform to deliver efficiency in customers' contracting processes. With LinkSquares' added CLM capabilities, Xerox customers will be able to: Replace manual contract filing within their current content management system using cutting-edge automation. Minimize date entry errors and limit (or eliminate) mandatory metadata or contract properties to enter at upload.

Leverage tools for event-triggered notifications to improve management of contracts throughout their lifecycle. Easily draft and upload agreements using pre-approved templates, tailored drafting workflows, and a centralized Clause Library with vetted standard clauses.