Most industries have a large portion of their spending locked in numerous contracts. According to McKinsey, companies in utilities, aerospace, defense, and food manufacturing can have 90 percent or more of their annual revenues represented in contracts. With such significant value locked in contracts, there is a huge potential to optimize contracting processes for improved business performance.
With standardized contracting processes and best practices in place, contracts can be turned into high-value power machines enabling massive cost savings and immense benefits for any organization. They can be an effective tool for the legal and contract management teams to unlock maximum potential and value from the contracts.
Date: 29th January 2019 | Time: 1.30 PM ET
The webinar speakers Tim Cummins, President, IACCM and Arthur Raguette, EVP ULTRIA will cover four contract management best practices to unlock savings.
- Cultivate a contract repository
- Standardize contract processes
- Measure contract performance
- Track cost of contract management
If you are unable to register for the webinar, please click here