Automating Contract Lifecycle: Challenges and Solutions Strategies

Topics:
Growth,
Negotiations and Contracts
Tags:
Contract Lifecycle Management,
Enterprise Software,
Montgomery Research Inc.,
Software,
Strategy,
Supply Chain,
Supply Chain Management (SCM)
Source:
Montgomery Research

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Overview: By focusing attention on the people, processes, and policies needed to support the emerging contracting function, enterprises can significantly mitigate the deployment risks and reap substantial benefits from contract lifecycle management (CLM). Emerging operational strategies for procurement and supply-chain transformation envision a substantial role for CLM and contract process automation. Automation of the contract lifecycle presents a substantial value creation opportunity for the enterprise. This value is in the form of improved productivity, reduced time-to-contract, superior quality of contract terms, reduced contractual risk, spend consolidation, and better compliance enforcement.

(Is this item miscategorized? Does it need more tags? Let us know.)

Format: HTML | Date: Jul 2003 | Pages: 1

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