Boosting Legal Efficiencies to Fill Revenue Gaps Caused by Slowed Global Growth

Sponsored by: Agiloft

 

According to the World Bank, global growth is expected to shrink from 5.5% to 4.1% in 2022 due to the pandemic, war, and lingering supply chain bottlenecks. More than ever, large corporations are looking for innovative ways to preserve and create new revenue in these challenging times. When you consider that companies can lose up to 9% of revenue due to poor contract management (according to World Commerce & Contracting), there is a huge chunk of revenue that can be saved by shoring up efficiencies around contracts. 

 

Join this webcast and discover how to streamline complex contract workflows and preserve revenue during the economic downturn. You’ll learn how sensor and system manufacturer Balluff modernized contract workflows, cut costs, and boosted efficiency with automated contract management. Join Geronimo Fritch, Group Head of Legal and Compliance at Balluf, and Jim Leason, Managing Director of EMEA at Agiloft to explore:

  • How Balluff deployed contract lifecycle management (CLM), creating workflows with automated tasks to handle negotiation, approvals, and renewals.

  • How Balluff configured designated roles and permissions to bring other departments into the process, and used signature guidance to increase contract compliance and accelerate time to contract.

  • How to approach integrating contracts with ERP and other enterprise systems, and how that unlocks contract value across the organization.

  • Best practices for long-term user adoption using contract tools.

 

Speakers:

Geronimo Fritsch | Group Head of Legal & Compliance | Balluff

Jim Leason | Managing Director of EMEA | Agiloft

Request Free!