Reduce Contractual Risk with Online Contract Management

Contracts are designed to enforce accountabilities and reduce the risks of business relationships. But they can also introduce vulnerabilities to your organization, whether due to unfavorable languages and clauses, missed obligations or other scenarios that can arise during the contract management lifecycle.

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Solving the Problem of Poorly Performing Contract Management

According to a recent review by McKinsey, contracts with suppliers and vendors represent the vast majority of companies’ revenues. In fact, within some industries – including utilities, aerospace and food manufacturing – revenues associated with contracts can make up as much as 90 percent of total annual earnings.

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