New white paper from Dolphin explains why managing contract obligations is important to any business

Dolphin Software has published a new white paper that examines how contract obligations can affect business risk and the bottom line.  The document, which is available to download free from the company’s website, also suggests best practice techniques for managing contract obligations and the role that the new breed of contract lifecycle management systems can play.

Download the white paper at:  http://www.dolphin-software.com/news_contract_obligations_wp.htm

Says Dolphin Software’s Founder and Chief Marketing Officer, Ronan Lavelle: “The phrase ‘contract obligation management’ may not sound very exciting, but it has huge implications on a business.  When a working relationship is set up – for instance, between a supplier and a customer – they agree the parameters: the ‘ought to’, ‘must do’ and ‘should do’ elements, which are then documented in a contract or agreement in one form or another.”

“Since Gartner estimates that 60-80% of all business transactions are governed by these agreements, we can safely assume that contractual obligations play a significant role in defining the way most organisations work with third parties.  Contract obligations are at the very heart of an organisation and will have a direct impact on performance, compliance and profitability.”

5 reasons why contract obligation management matters:

  1. Risk mitigation
  2. Avoidance of litigation
  3. Better relationships with suppliers
  4. Increased performance & operational efficiency
  5. Reduced costs and increased profitability
Download the white paper at:  http://www.dolphin-software.com/news_contract_obligations_wp.htm
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