CLM ( Contract lifecycle management

Hi
I have a few quries regarding CLM( Contract LifeCycle Management)
1) CLM is Standard module in SAP ECC 6.0.
2) if 'NO' what are the additional features with respect to standard Outline Agreement ( Contract/Scheduling Agreement)
3) If it is complete different module , how can we integrate?
please suggest.
Regards

CLM is not a module, it's an application. As per SAP website "The SAP Contract Lifecycle Management (SAP CLM) application supports your company's entire contract management process. The application supports all contract types and can integrate with back-end systems in support of contract compliance.
By enabling proactive management of all aspects of the contract life cycle, SAP CLM will help you:
Accelerate time to contract through automated contract creation and collaboration
Lower legal, financial, and regulatory risk through standardized language and reporting
Protect your company's bottom line
Realize full savings and revenue through contract visibility and awareness
Ensure more control and better compliance throughout the contract life cycle via system integration, alerting, and reporting"
For details, check http://www.sdn.sap.com/irj/scn/index?rid=/library/uuid/30101293-5766-2a10-759a-a2c2eb9b3ec0&overridelayout=true

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