Manufacturing Industry
Contract-management/ERP pairing putssavings back on the books.
Manufacturing Business Technology, August, 2006
By Staff Boston-based AberdeenGroup estimates 80 percent of B2B transactions are governed by contracts, yet it's been estimated sloppy procedures are costing upwards of $150 billion a year in missed savings opportunities. Good contract-management controls reduce administrative and material costs, shorten contracting cycle times, enhance procurement decisions, and diminish operational and regulatory risk.
Companies that integrate contract-management solutions with transactional systems experience much better contract compliance than those that do not. That's exactly why contract-management packages that automate and manage contract creation, negotiation, and administration are the current solutions with sizzle-especially when...
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