Conga featured in NCMA’S RECENT ISSUE OF contract management
TARGETING RISK FOR EFFECTIVE CONTRACT MANAGEMENT
In the contract management life cycle, what does“risk” entail? What are the areas of greatest risk?How can risks be addressed effectively?
This article seeks to answer these questions, and also explains the importance of implementing an effective “contract lifecycle management” (CLM) solution to:
- IMPLEMENT a comprehensive contract management plan to address potential risk,
- ENSURE the implementation of the plan,
- FACILITATE and automate parts of the process, and
- AID in mitigating risk.