Capturing the potential value in a third-party contract is an on-going challenge – especially for a global enterprise. Can your contract management system manage a third-party contract as well as the ones native to your organization? A recent study by PwC highlights the impact of not capturing the full value of third-party contracts.
"The impact of value leakage on a third-party contract can be from 5% to 15% of the contract's value."
Building trust and transparency: A holistic approach to third party contracts, October 2016, PwC
How well does your contract management system manage third-party contracts? The answers to these ten questions are a good place to start.
Can your current contract management system –
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