Does your legal department oversee the entire contract management process of your business?
According to the International Association for Contract and Commercial Management (IACCM), inefficient contract management can “leak” value and cost businesses as much as 9% of annual revenue.
Legal plays in an important role in ensuring contracts enhance business results, protect the company from losses and deliver on expectations. However, inefficient processes can cause delays in contract negotiations, disagreements over contract scope, inappropriate contract structures, performance failures, and/or missed renewal deadlines.
Our latest whitepaper explores 5 common contract management scenarios that put businesses at risk and describes how Legal can mitigate the risks with more effective and efficient processes. Get your free copy today!