Contract management has become an increasingly strategic initiative. Key to its strategic nature is the management of the obligations contained within the contract. Whether it’s the deliverables due to your customer or those due to you, it’s vital that these obligations are properly tracked and managed. Failure to do so not only creates tremendous organizational risk, but also impacts compliance, profitability and overall customer satisfaction.
In this session, Contracts 365 Company CEO, Russ Edelman, discussed best practices for managing your contractual obligations. He examined general considerations as well as detailed options for managing these obligations within a contract management software tool.
We addressed specific topics including:
- The Key Steps of Obligation Tracking
- Proper Classifications
- Automation Considerations
We also provided context on how we, as the leading provider of contract management software powered by the SharePoint and Office 365 platforms, address these challenges.
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