Webinar: 4 Contract Management Best Practices to Unlock Savings
Author: Tim Cummins, Arthur Raguette
Most industries have a large portion of their spending locked in numerous contracts. According to McKinsey, companies in utilities, aerospace, defense, and food manufacturing can have 90 percent or more of their annual revenues represented in contracts. With such significant value locked in contracts, there is a huge potential to optimize contracting processes for improved business performance.
With standardized contracting processes and best practices in place, contracts can be turned into high-value power machines enabling massive cost savings and immense benefits for any organization. They can be an effective tool for the legal and contract management teams to unlock maximum potential and value from the contracts.
The webinar speakers Tim Cummins, President, IACCM and Arthur Raguette, EVP ULTRIA will cover four contract management best practices to unlock savings.
- Cultivate a contract repository
- Standardize contract processes
- Measure contract performance
- Track cost of contract management
Note the link below will bring you to Ultrial site and the Ultria CLM Survey Report 2019.
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Operational Compliance for Atlanta City
World Wide Technology
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University of Chicago
Market research carried out by IACCM in 2011/12
Victorian Rail Track (VicTrack)
Contract Management Systems recently implemented in Melbourne, Australia