How to modernize Contract lifecycle management
Inefficient contract management can have many risks including missing contract deadlines, unwanted renewals, compliance failures, poor approval workflow & futile reporting.
Nowadays, 60 – 90% of business transactions are generated by contracts. Managing such a large number of contracts to mitigate contract risks and meet regulatory compliances is an uphill task for any enterprise.
Poor contract management cause operational inefficiencies and increases risks which lead to:
Of businesses reporting delay in closing deals
Total Loss on Revenue
We have put together expert tips to modernize your Contract Lifecycle Management that will reduce your contract-related risk by:
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