FRAGMENTED DATA LEAVES YOU VULNERABLE
Do you know what’s in your contracts? Can you answer questions about them in minutes? Unfortunately, most companies can’t. In fact, most companies not only struggle with understanding their portfolio of commercial relationships, they also have no way of ensuring people on the front lines are complying with the agreed-to terms.
It’s the result of inaccurate or inaccessible data, ad hoc processes, fragmented systems and data locked in PDFs. Without global visibility across commercial relationships—particularly for key centralized teams like legal and compliance—managing risk is, at best, a reactive effort.
Imagine if your teams had immediate visibility into the most current customer details like non-standard terms, terms impacting revenue recognition, potential regulatory flags, and whether you’re in compliance with all pricing guarantees and MFNs. You’d be able to:
Improve risk management
Improve internal controls
Respond quickly to changing regulations