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Solutions / Field Service Automation / Benefits
Increased Gains
  • Increased contract efficiency and productivity
  • Faster contract negotiation cycle
  • Increased Quality & Reduction of risk
  • Optimized spend & revenue
  • Increased Revenue Opportunities
  • Increased negotiating leverage
  • Organize Production of Live Contracts
  • Increased renewal revenue
Accelerated Growth
  • Accelerated Contract Processing cycle time
  • Improved Control, visibility and leverage
  • Enhanced quality of contract terms
  • Improved Compliance enforcement rate
  • Improve visibility and dissemination of contract information throughout your organization
Reduced Losses
  • Reduced redundancy of contracts
  • Reduced time-to-contract
  • Reduced costs: Administrative and Operational
  • Reduce Time-to-Collect
  • Reduced damage of lost documents
  • Reduced risk of missing crucial contract dates
  • Reduce the occurrence of continued operation under a lapsed contract
  • Reduction of risk
  • Reduction in erroneous payments
  • Reduction in Head count

Area of Financial Impact       

 Benefit

Compliance of regulatory guidelines

 90-100%

Reduction in erroneous payments

 75-90%

Faster contract negotiation cycle

 50%

Increased renewal revenue

 30%

Reduced operating and processing costs

 10-30%

Reduction in "Quote to Cash" cycle
(liberates working capital)

 10-30%

Head count reduction

 10-20%

Additional contract revenues

 1-2%

(* ROI From Contract Mangement Software.  Source : Goldman Sachs)
 
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