Manage business risks and obligations using contract management software
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This document discusses how contract management solutions can help manage business risks. It outlines how capturing and tagging contract data allows companies to triage and inventory risks. The solution also provides quality data management, discovery and predictive insights to identify risks proactively. Managing contracts through the solution standardizes terms, reduces authoring time, and allows for easy storage, retrieval, execution, renewal and tracking of contracts.
Manage business risks and obligations using contract management software
- 1. Eliminate Risks with Contract Management Solution © Aavenir All rights reserved. Importance of Contract as a Risk Management Tool
- 2. What are your Business Risks?
- 3. Where Can Technology Help Manage Risks? Capture and Tag data Triage and Inventory Risks Discovery & Insights Quality Data Management (leads to Action) © Aavenir All rights reserved. 3 ● Focuses on identifying legal text ● Safeguard business by tagging terms and information ● Risk - important & severity ● Plan your business execution strategy ● Discover risks proactively ● Predictive insights to identify ● Reminders & alerts for key dates & milestones ● Contracts into collaboration tools ● Easy search & analysis
- 4. How Contract Management Helps to Manage Risks? 1. Understand and report on the financial and statistical impact of risk to the organization 2. Manages contract templates, terms & clauses templates in a full-text searchable centralized repository 3. Standardizing legal language across enterprise departments and geographies 4. Reducing time to author contract-Easy to access Storage and Retrieval Execution Renewal and Termination Tracking and Maintenance Contract Management
- 5. © Aavenir All rights reserved. 5 Get Started to Manage Contracts RFP Template for Contract Management Request a Demo Want to see Aavenir Contractflow Live-In-Action ? On-Demand Webinar for Contract Management ROI Calculator for Contract Management E-book on Contract Management with Digital Workflow and AI
- 6. Onward and Upwards with Aavenir! Thank You ! © Aavenir All rights reserved. 6 www.aavenir.com linkedin.com/company/aavenirinfo contact@aavenir.com twitter.com/AavenirInfo