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Essentialguide buyers guide pdf

The Complete Contract Management Solution Buyer ? s Guide CContracts de ?ne business relationships they close deals they play a major role in every business ? success Given their importance and their reach within an organization why do an estimated of companies use manual archaic processes to manage them Chosen right contract management platforms can accelerate success by guaranteeing consistent and con ?dent compliance and risk mitigation delivering more opportunities and capturing more revenue Along with all the perks that make contract managers lives ? easier The Complete Contract Management Solution Buyer ? s Guide is a thorough look at contract management solutions including powerful statistics to help make the business case for contract management key considerations and the most comprehensive contract management platform evaluation checklist in existence to help you decide the best solution and strategy for your business now and in the future CTable of contents ? Why contract management - ? Contract Management Systems vs Contract Lifecycle Management - ? Five Levels of CLM Maturity De ?ned by Five Key Functions - ? Considerations for Selecting the Right Contract Management Solution - ? The Complete CLM Platform Evaluation Checklist - ? Conclusion C ??As companies desperately search for the next strategic growth area to boost ?nances they often miss a lucrative revenue source staring them in the face ? ??EMC Consulting CWhy contract management Why is contract management vital for business Contracts de ?ne the tangible assets of a company and if managed well can enhance ?nancial stability and productivity Consider the following ? - of B B deals are managed by contracts Gartner ? The average business maintains to contracts PWC ? Ine ?ective contract management costs businesses up to of annual revenue Tim Cummins CEO of IACCM ? - of all contracts are actually lost CWhy contract management There are four primary advantages to be gained from bringing robust contract management processes to your business Greater e ?ciency and productivity ? ? Commoditizing and standardizing contract management processes makes success repeatable Moving those processes to an automated contract management solution makes success faster Eliminating the manual aspect of contract management contract management platforms simplify contract creation through the use of templates while integrated work ows alerts and noti ?cations all lighten the administrative workload while supercharging and streamlining e ?orts Solutions with advanced features like online negotiation and redlining make processes more collaborative while tracking all changes eliminating the back-and-forth to accelerate deals while ensuring version control Add electronic signature to your contract solution and those lengthy contract negotiation cycles go from weeks or months to an average of ?ve days or less Increased visibility ? ? Contract management platforms take those spreadsheets and scattered contracts and convert them into a single searchable contract repository With clear visibility into every contract organizations cut down the time they spend searching for contracts by or more and with no more lost contracts button up compliance issues and better mitigate risk ? ? What ? s more with