The dramatic events created by the pandemic have created an awakening in executive management, a recognition that contracts permeate the business and go to the heart of its efficiency and value.
They are right to focus. As revealed in this high-anticipated benchmarking report from World Commerce & Contracting, an average 25% of the workforce is involved in some way with managing contracts. The report also reveals the growing cost of neglect – and the benefits that flow from investment and changed expectations, including:
- 80% reduction in cycle time from bid to signed agreement
- 8% reduction in average contract erosion
- Proactive risk management
- Improved profitability
Access the report today to understand the growing gap between the best and the rest, and how leaders can forge ahead with new measurements, better tools, and a superior understanding of risk.