Infographic- Contract Management Mantras for Effective Risk Mitigation

2019-03-20T15:38:40+00:00March 20th, 2019|Infographics, Resources|

From ever-changing federal, state, environmental regulations and missed obligations, to fine-print blind-spots – contracts are ridden with a long, complex list of risks and threats. These risks can convert to huge losses both reputational and financial for companies, when not mitigated in time. And when companies have contracts that run in tens of thousands, monitoring each of them and ensuring all compliances and regulations are met is a mammoth and often a seemingly impossible task.

Infographic- Increasing Efficiency of Sales Operations with Contract Lifecycle Management

2019-03-08T14:44:29+00:00February 27th, 2019|Infographics, Resources|

Sales operations teams are primarily responsible for managing sell-side contracts, often all through manual processes. This leaves them with little time to do the other important sales tasks. IACCM benchmarking data reveals that  medium-to-complex sell-side contracts typically take up more than 76% of contracting resources. Moreover, for half of these, the bid to execution cycle can extend to more than 21 weeks. These statistics make a strong case for why an advanced contract management solution is the need of the hour. With an automated, integrated CLM solution, sales teams will not only be able to close sell-side contracts faster but will be able to ensure better contract compliance, accuracy and consistency.

Infographic – Artificial Intelligence Powered Contract Management: Transcending the Time and Cost Barriers

2019-03-04T12:04:52+00:00February 18th, 2019|Infographics, Resources|

Contracts, today, are not static, unyielding documents to be archived, rather live, strategic tools that drive operational value from the written word to the enterprise. An International Association for Contract and Commercial Management (IACCM) study reveals that poor contract management can result in revenue losses to the tune of 9.2 percent every year.

Infographic – Top 5 Post-award Contract Management Metrics

2019-03-04T12:09:10+00:00February 18th, 2019|Infographics, Resources|

Contract lifecycle management (CLM) is essential for growth in today’s competitive business environment. Going by IACCM (International Association for Contract and Commercial Management) estimates, 9.2% of an organization’s revenue is potentially lost due to inadequate CLM. Commercial and contractual issues are cited by IACCM as the primary cause in over 70% of troubled buy- and sell-side relationships.