http://newpolicy.info
- Transactional systems provide a baseline necessary
to allow companies to measure and monitor contract performance, project
management performance, and provide a method for appraising organizational
efficiency against the cost of the contract and possible areas of exposure
and risk. Effective transactional controls reduce administrative and
material costs, shorten contract cycle times, enhance procurement
decisions, and diminish operational and regulatory risk. With these
metrics in place, organizations that integrate Contract Management
solutions with transactional systems experience much better contract
compliance than those that don't.
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