Contract Management's Effect on the
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The workload of the legal department is continuing to increase with global organizations being asked to do more with less. This is occurring at a time when regulatory and compliance demands are escalating, not to mention legal risks and drivers to re-negotiate contracts with the uptick in mergers and acquisitions. This adds a tremendous work-stream to the already pressing load.
Contracts are the foundation of the strategic and cost-saving initiatives a company undertakes – yet most are still languishing in file cabinets, being managed using manual processes.
This leads to: deficient contract approvals processes, un-auditable contract paper trails, poor contract visibility and increased legal and financial risk. To address these issues, a growing number of Global 2000 companies have automated their contract management processes.
Download this white paper to learn four core benefits of implementing contract management software solutions.