/Legal Contract Management

Why Large IT Organizations Need to Automate Legal Contract Management Processes

2018-07-17T17:03:21+00:00Contract Management, Legal Contract Management|

In today’s high-volume, low-margin warranty renewal environment, many OEMs and channel partners are focused on the extension of value-added services to the global marketplace. But while an expanded market presence offers significant opportunities for growth, it also introduces a variety of risks and challenges – not the least of which is the question of whether or not country-specific contracts are financially and legally enforceable. The creation and management of legal contracts is no small back-office task, especially for large IT providers. Forty-six percent of technology resellers and distributors generate at least 1,000 to 10,000 quotes per month, and 73 percent do so across at least 10 different product sets, according to research recently conducted by Managed Maintenance, Inc. The scope and complexity of contracts requires significant attention from companies’ legal teams, adding time and expense to the process. Legal contract tasks become even more daunting when you factor in the alignment of [...]