Inside every company, diligent professionals, managers, and executives interact with contracts. From simple contract searches to requests, negotiations and management of your contracts, this activity touches almost all aspects of an organization.
On February 21, 2018, Corridor Company CEO Russ Edelman presented the webinar "Contract Economics | The Financial Impact of Your Contract Management Process."
We analyzed the management of contracts across their lifecycle in terms of time and effort, efficient use of legal and professional resources and the effective management of risks and opportunities through an appropriate use of technology. Additional areas of focus included:
- Insuring that the cost of creating and managing contracts is proportionate to the value associated with them
- Aligning the correct contract creation and management strategy with the contracts in question
- Transforming contracts into opportunities
- Practical automation considerations for a CLM system
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