Today, effective contract management is a critical function and a ‘focus area’ for organizations of all sizes and industries. However, despite its apparent importance, many firms still struggle with optimizing their contract management to deliver value. And further yet, more firms struggle to measure the return on investment (ROI) of their contracting efforts.
Through this whitepaper, we will take a step back and understand what goes into understanding the value and ROI of contracts, and, what goes into creating a reasonable process for improving these numbers.
Here’s a snapshot of what is inside:
- Introduction
- The World Our Contracts Operate in, is Changing
- Areas of Untapped ROI Potential
- Before thinking ROI, think Portfolio and Process Familiarity
- Tackle Fragmentation
- Formalize Your Segmentation (WCC’s Value Compliance Uncertainty Framework)
- Conclusion – What do Executives Want from Contracts?
