Contracts are the lifeblood of many organizations, as much operational and business stability depends on them. However, if contracts are managed on their own, in siloed environments separate from sourcing, procurement, and supplier processes, the valuable data and functional relevance of these documents will be much less effective for ensuring a company’s operational success. Siloed contract management can even put companies at risk of missing regulatory requirements or contractual milestones, which can damage relationships with auditors, business partners, and even customers.
Join PayStream Advisors and sourcing and contract lifecycle management (CLM) provider, Determine, as we take a look at the latest trends in contract management processes among today’s leading organizations. This webinar will explore how companies are commonly managing contracts (e.g. with spreadsheets, homegrown systems, point solutions, suites, etc.), and how a truly integrated Source-to-Settle (S2S) approach can mitigate risk, identify savings, and maximize supplier relationships.
Attendees will learn about:
• What tools companies are using to manage contracts – and why
• Maximizing contract visibility for optimizing effectiveness across enterprises
• Integrating contract management with other Source-to-Settle solutions seamlessly
• Why a shared source of data is your best third-party risk management tool