In an uncertain time for companies around the world, automated contract management is proving to be an effective strategic initiative that drives bottom line savings and increases process efficiencies. Contract visibility and the linkage of contracts with enterprise spend are the keys to achieving maximum contract compliance. Contract compliance helps to provide guidance and insight into business processes and helps in achieving savings through better negotiations.

Download this white paper to learn practices that can support implementation of streamlined contract management solutions by –

•Deploying a contract repository that is dynamic and in tune with market trends.

•Defining and communicating essential benchmarks for measurement of performance with regards to contract compliance

•Establishing a smooth system of contract audits for internal processes

•Standardizing and accelerating contract authoring by maintaining a contract template and clause library

•Creating a standard workflow for collaborative authoring and negotiation of contracts

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