White paper
5 ways inefficient contract management exposes your business to risk

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!

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    • Store. Easily organize your key contracts, company documents, claims and compliance policies in one central place.
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  • Summarize. Make key information from long documents more visible and understandable to the whole organization.
  • Track. Build workflows to help you manage risk in contracts, entities, claims and policies.
  • Report. Generate detailed reports and charts that can provide the management information your team or your board needs.
  • Share. Give permission-based access to different departments to allow them to see the information that helps them do their jobs better.
  • Empower. Set up self-service portals to enable different departments to manage their own legal affairs, with your legal oversight.