Contract Compliance: How to Beat the Heat Now!

By Timothy Donaghy, July 25, 2018

Are you feeling the heat from compliance? If so, you’re not alone. An increasing number of industries are being regulated by federal, state, and local agencies, and these regulations are directly reflected in the contracts that exist between companies and their suppliers, employees, subcontractors, and customers. This degree of regulation poses a significant compliance burden on businesses that are already trying to create, negotiate, and execute contracts with maximum efficiency and minimum risk. But technology can help. Over the past few years, the growing adoption of specialized contract management software has helped companies:

• Streamline contract creation and approval
• Limit legal team involvement in contracting
• Ensure contract milestones are not missed
• Identify how new & changing regulations impact contracts
• Quantify the impact of corporate policy changes
• Enforce contractual compliance

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