Contracts are the foundation of any business. 60-80% of business transactions are governed by contracts or agreements. They contain the vital details of an organization’s relationships with its partners, suppliers, customers and employees. As the organization grows, so does the contracts. it becomes cumbersome for an organization to manage and, track them.
If the in-house legal department spends all their time on only contract review, they can never get to do any strategic & core operational work. Contract Management Services will help free your teams from repetitive administrative tasks, which can represent as much as 30% of their time.
Failure to follow up and manage contracts throughout their life-cycle often results in the revenue leakage, increased cost, oversight of deadlines legal & regulatory requirements and other compliance, higher chances of litigation etc.
AEREN LPO has spear headed a new approach to support your day-to-day commercial contracts including but not limited to:
