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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