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With few formal processes and no system in place to automate the creation, negotiation and management of contracts, this global paper company had difficulty locating and effectively managing its contracts. In adopting Selectica's on-demand contract lifecycle management solution, the company reports “millions of dollars” in savings, while minimizing financial risk and exposure.
Benefits Snapshot:
- Improves tracking of obligations and commitments with central, searchable repository.
- Maximizes accuracy and efficiency of payment and reconciliations.
- Increases negotiation leverage and eliminates unwanted “evergreen” contracts.
- Ensures regulatory compliance.
- Reduces administrative costs.
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