Risk /risk/ (noun) Any unexpected effect on your objectives, either positive or negative.
Every company needs to understand the broad effects of risk—and control for those—to ensure the best results possible. If you don’t control for risk in the contract lifecycle, it may lead to systemic failure to manage contracts and result in revenue losses.
This whitepaper will share how Conga mitigates the areas of greatest risk in the contract lifecycle:
- Performance Violations
- Automated Renewals
- Unapproved contracts
- Compliance failures
Implementing effective CLM can result in 90-100% improvement in regulatory compliance, while seeing 75-90% reduction in erroneous payments.