Leveraging CLM Systems for Contract Obligation & Risk Management
Contracts govern business relationships. Once executed, they often trigger important requirements that each party must adhere to—meeting service level agreements (SLAs), maintaining certifications, or simply delivering goods and services on time. If these obligations are not met, penalties can be incurred and therefore constitute risks that must be tracks and managed. What's more, these contractual obligations are frequently assumed by a much broader business user base than just contracts, compliance, and legal teams.
Luckily, Contract management software systems can help all of the people within an organization manage their complex obligations and mitigate the associated risks.
We'll discuss:
- Why obligations matter in contracts
- How obligations impact your business
- The different lenses to view obligations through, from compliance to risk to revenue
- The 5 components of effective obligation management
- The key events or “state changes” that trigger them
You'll participate in live Q&A's, discuss real-life obligation and risk management opportunities, and see live product demonstrations of how a contract management software system like Contracts 365 can help effectively manage both.
Register today! We look forward to seeing you there.