In our previous blog on Building an Effective Contracting Process – What are the challenges? Part 1 and part 2, we discussed the difficulties in managing the contracting process. We also discussed ways for improving contract governance within the organization. (Click here)
In this final blog post, we will talk about 2 more ways for leveraging technology as a means to attain an efficient contract management process. They are;
1. Standardizing contract terms by
2. Reducing contract cycle time by
With the changing business environment and spurts of supplier related scandals, it has become necessary for organizations to manage contracts effectively. Managing contracts manually has many pitfalls, as discussed earlier. To avoid these, organizations can leverage technology and work smarter.
Hope you enjoyed reading this blog series. For further reading click on the download button below to receive the whitepaper- Building an Effective Contracting Process[symple_button color=”blue” url=”http://campaign.zycus.com/Building-an-Effective-Contracting-Process/WebBlogL87943″ title=”Visit Site” target=”blank” border_radius=””]Download Whitepaper[/symple_button]