Contract Management Library

09 Nov 2005 | Viewed 402 times

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Enterprise Contract Management - The Vanguard of Sustained Compliance

Author: Anuj Saxena, C.P.M., PMP, CPIM, MCCM

While not historically regarded in the same league with Post War expansion, the rise of Information Technology, and the advent of Globalization, Compliance is rapidly emerging as one of the major forces of change in modern business. Over the past decade, Compliance-or more specifically, its absence-has resulted in the revelation to both Wall Street and Main Street of many fundamental weaknesses in the very cultural and operational foundations of our business culture. While Compliance was formerly regarded as an issue to be tolerated or adhered to in the "Pre-Enron" era, the sheer scope and depth of economic fallout from ignoring or disregarding the Compliance process has now thrust it into what is perhaps emerging as its ultimate and rightful role-a fundamental and positive force for an enterprise's long-term growth and success.

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