In many businesses, the contract portfolio is the largest collection of unstructured data within the organization.
A study by the Institute for Supply Management revealed that 60-80% of all business-to-business transactions are governed by some form of written agreement, with a typical Fortune 1000 company maintaining 20,000 to 40,000 active contracts at any given time.
The sheer volume of contracts can make the cost of extraction and collation prohibitive.
As contract management goes from 'luxury item' to 'must have', our white paper examines the challenges and solutions organizations face when embarking on a contract management lifecycle strategy.
Essential reading for visionary companies looking to extract value from their contract portfolio.