As per the study conducted by McKinsey & Company, the estimated leakage due to unfulfilled obligations is around 3-4% in large enterprises. For an enterprise with $5 billion in annual spend, that adds up to $150 million or more a year. In this SlideShare, you'll learn how to properly manage your contract obligations. To know more visit - https://aavenir.com/contractual-obligations-fulfillment-compliance-monitoring-management-software/

1. Why is Contract Obligation Management
Need of The Hour?

2. Major Issues in Fulfilling Contract Obligations
● Problematic to Control and Track key milestones in a Rudimentary System
● Conventional systems lacks proper mechanism to Trace and Report
Contract Obligations
● Problems like these lead to Contract Non-Compliance
● Which results into Disputes, Penalties and Termination of contract
● As the contract volume increases these Problems will Magnify
● It will put your company under pressure to grow
Revenue and Boost profitability

3. How to get Full Value of Contracts with obligation
compliance?
To get the full value out of your contracts, it is essential to manage the
legal obligations well:
● A Contract Lifecycle Management solution makes obligation
management a cakewalk
● Contract lifecycle management takes care of Pre-Award
contract management as well as Post-Award contract
management
● Contracts often include Penalty Clauses to be enforced if a
contracting party fails to meet particular responsibilities
● If you do not track contract obligations, your Negligence can
lead to Missed Opportunities
● It may even translate into Heavy Financial Losses for your
organization

4. Adopting the Right Obligation Model
A quick tip to properly manage your Contract Obligations is adopting the right obligation
model. It’s quite difficult to build a better contract management system from scratch.
Fortunately, there are sophisticated CLM solutions available on ServiceNow which can
automate contract management workflows.

5. Wait a minute - can your company afford
Ineffective CLM?
● Obligations sit at the center of every contract. Contract
obligation management isn’t a one-time job
● It needs to be performed on an ongoing basis, throughout the
lifecycle of every contract
● Seize ownership of your contracts by knowing where they are
and what they contain so you can take timely action
● Investing in the right Contract Obligations Management Solutions
empowers you to enhance customer and user experiences,
while increasing visibility and lowering risk

6. Free Demo Session
Get a live demo of Aavenir’s Source to Pay solutions to know how Aavenir can address
your enterprise's unique business challenges and goals.
We provide live demonstration for following Aavenir S2P solutions:
● Contractflow - Contract Lifecycle Management on ServiceNow
● RFPflow - Request for Proposal Management on serviceNow
● Invoiceflow - Account Payable Automation on ServiceNow
● Obligationflow - Contractual Compliance Management on ServiceNow
Visit: https://aavenir.com/demo/

7. Get Free Resources
Watch Webinar
Monitor Contract
Obligations
Calculate ROI of
CLM Solution
Test Drive
ContractFlow
Fulfill Your Contractual
Obligations Properly
Contract Management
Analytics
Calculate ROI
Free Demo Read Blog
Get E-Book

8. Delivering Future of Work
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