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Accelerating the Contract Cycle:
How digitalisation can combat inefficiency
Organisations worldwide recognise that digital transformation is essential to keep up with the fast changing market and customer needs. But there is a disconnect when it comes to aligning the front and back office and the way companies are managing their contracts and agreements.
In this commissioned study, we found out that only 8% of respondents are working at organisations that have a fully automated process for managing agreements. These inefficient, manual processes are causing significant business challenges:
- Lost revenue and delays in revenue recognition
- Delays in starting projects
- Data security issues
- Contract inaccuracies
- Poor customer experiences
In this report you will discover how with automated systems, companies can build a culture of accuracy and efficiency, where innovative technology lightens the load of contract management.