|Thursday, June 23, 2005|
|Fwd: The Business Challenges That Contract Management Solve|
The digitization of contract management business promises immense benefits to companies. It has also given rise to an|
threat to overwhelm and stifle corporate productivity concerning contract management. Some studies conclude that
simply locating and accessing the proper contract information can occupy more than 50% of a knowledge
Many if not all mid- to large-sized businesses will implement some sort of business-to-employee
contract management portal in the next decade. Businesses implement B2E portals for a few primary reasons:
• To reduce time and effort spent searching for contract management data, and the duplication of effort that
results when information cannot be found.
• To leverage existing assets by providing a secure sign-in point for accessing the multiple
applications and contract management sources they are authorized to use.
• To reduce cost by enabling employees to engage in self-service .
A well-conceived enterprise contract management portal can deliver immense productivity gains and a
significant return on investment. The challenge for businesses today is to ensure that contract management
projects facilitate the flow of information without introducing burdensome new procedures and
Igor Gramc @
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