Targeting Risk with Effective Contract Management

Did you know that 60 to 80 percent of B2B deals are managed by contracts, with companies managing on average 20,000-40,000 contracts per year? If this critical business process is not handled accurately and efficiently, it can create significant risk and losses for an organization.

Comprehensive contract management – facilitated by a CLM solution – is critical to mitigating risk and reducing loss related to contracts. A contract management platform is an investment that offers tremendous ROI to any organization, including:

  • Process streamlining and efficiency gains
  • Improved business flow though insight into how contracts move, perform, and bottlenecks
  • Reduced risk and improved compliance
  • Source policy and contract language enforcement
  • A way to develop policies and best practices around contracts

Even more importantly, a good CLM can provide overall ROI of 150-200% in one year

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