2011 Contracts Survey Report Now Available
Did you know that one in four companies experienced unplanned losses last year due to errors in their sales contracts? This helps explain why sales contract management has become increasingly important to the overall success, profitability and risk management of companies.
To gain insight into how law departments manage their sales [sell side] contracts and the effect it has on the success of their companies, Exari, partnered with InsideCounsel to survey its readership. The complimentary report with full results is now available on our website.
The detailed survey findings, compiled from more than 400 responses from corporate attorneys, suggest:
- Reducing risk in sales contracts is the highest priority for law departments
- Many companies experience businesses losses due to errors in sales contracts
- Prioritizing the automated assembly and management of sales contracts will allow companies to mitigate risk and improve overall performance
Streamlining contracting processes (both document assembly and management) will become increasingly important as legal departments feel more pressure from their business departments to improve turnaround time, particularly when the volume of sales contracts expands with the improving economy.
Download the survey findings here to learn more about the most important process issues of the sales contracts process.