Enterprise Contract Management: A Practical Guide to Successfully Implementing an ECM Solution
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Overview
Today, between 60% and 80% of all business-to-business transactions are governed by a formal agreement, yet inefficient contract management can mean significantly higher costs, customer dissatisfaction, missed savings opportunities, and regulatory violations. These risks have led to a heightened interest in automation of contract management processes, putting the spotlight on contract life cycle management, also known as Enterprise Contract Management (ECM). However, until now, there has been no comprehensive resource available on this topic.
Enterprise Contract Management addresses all the questions surrounding ECM, ECM solutions, and the project, change, and risk management considerations required to ensure successful implementation. This concise text will help your organization manage the challenges of the contract life cycle and the key success factors and pitfalls in a typical ECM solution implementation.
Synopsis
Today, between 60% and 80% of all business-to-business transactions are governed by a formal agreement, yet inefficient contract management can mean significantly higher costs, customer dissatisfaction, missed savings opportunities, and regulatory violations. These risks have led to a heightened interest in automation of contract management processes, putting the spotlight on contract life cycle management, also known as Enterprise Contract Management (ECM). However, until now, there has been no comprehensive resource available on this topic.
Enterprise Contract Management addresses all the questions surrounding ECM, ECM solutions, and the project, change, and risk management considerations required to ensure successful implementation. This concise text will help your organization manage the challenges of the contract life cycle and the key success factors and pitfalls in a typical ECM solution implementation.