As organizations evolve towards the transition of the connected enterprise and a focus on the data contained within contracts, the role of Contract Lifecycle Management takes center stage. There is a growing interest in understanding how contract design and workflow automation can impact efficiencies along the stages of the contract lifecycle and beyond execution.
There is a new imperative for functional teams, as well as legal teams, to have fingertip access to relevant business intelligence in real-time intuitive dashboards so that swift action can be taken to improve efficiency of contract lifecycle processes, and to elevate results that contract terms have on business performance.
Revitas has established a set of Top 10 Key Performance Indicators (KPIs) that serve as guiding principles for achieving excellence through actionable contract management intelligence. Tangible benefits can be realized from monitoring and measurement of KPIs across three primary ROI justification factors:
- Tactical results pertaining to contract management process efficiencies
- Performance outcomes and obligation management measures
- Risk minimization measures
View this webcast to learn how to utilize KPIs to improve contracting performance, and avoid costly risks across your organization through actionable intelligence.
Register for the webcast now!
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