As per reports, an average company loses close to 10 percent of its revenues owing to poor contract management. Contract managers need to continuously monitor contracting process efficiency using defined contract management Key Performance Indicators (KPIs). Akin to business KPIs, the KPIs associated with contract management helps contract managers in measuring the progress of the outcomes outlined in the contract document.
This Ebook explains 6 important contract management KPIs and how a contract lifecycle management solution can provide real-time visibility into every KPI and help improve efficiency.
