Make managing your contracts and agreements easier and more efficient.
No matter what your industry, as general counsel your job is about managing and quantifying risk and compliance. In order to do so, you must oversee tens or even hundreds of thousands of contracts and agreements your company has in place to ensure they aren’t hiding obligations, service level agreement metrics, or other liabilities that could expose the company to risk. You must also know whether the company’s contracts reflect existing and changing corporate and/or regulatory mandates coming from the IFRS or EBA, as well as evolving legislation such as Dodd-Frank, and can be audited if needed.
Do you know where your contracts are and what is in them? Can you successfully and efficiently respond to an audit request or an organizational change? To answer these questions and to create and manage to risk benchmarks as many organizations are doing, you need to be able to access your contractual provisions data quickly and efficiently.
Searching for contracts and agreements and managing the information they contain can be expensive, time-consuming, and disruptive. All the more so when it’s done manually across disconnected systems or in the aftermath of a merger or acquisition. When an event occurs, the faster you can access those contracts and make the necessary determinations, the more money you’ll save and the less you’ll slow down the business.