Contract Lifecycle Management: Transforming Commitments from Potential Liabilities into Strategic Corporate Assets
 

Successful organizations must continuously improve performance, mitigate risk, and ensure fiscal accountability. The problem is that many companies still rely on paper-laden methods to control document processes, particularly contracting processes. This white paper lays out the negative impacts of poor contracting, administration, and compliance procedures and systems on an enterprise’s procurement and sales performance, while also providing insight into how to tackle the challenges of contract management through an automated contract management solution that can:

  • Improve the effectiveness of negotiations and implementation of contracts
  • Establish a more efficient organization
  • Ensure value delivery on either end of a contract

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About Selectica: Selectica (NASDAQ: SLTC) provides Global 2000 companies with cloud software solutions that help them close business faster, with higher margins and lower risk. More than 100,000 users rely on Selectica applications for guided selling, sales configuration, pricing, quoting, and contract lifecycle management to streamline their sales operations and process over one million new contracts annually. Selectica solutions are used by leaders in technology, healthcare, government contracting, and telecommunications, including Bell Canada, Cisco, Covad Communications, Fujitsu, CA Technologies, ManTech, and Qwest Communications.