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An understanding of where value leakage occurs is a starting point but doing something about it in a sustainable manner requires both focus and investment Value leakage translation into plain english wasted money perpetrator kpmg usage example when the business and operational environment is complex there is a greater need for robust governance, as without it there is increased risk of shared service and vendor partnership value leakage. This is where the rubber hits the road
Contract value leakage is the single biggest opportunity for modern organizations to turn agreement practices into dollars and cents. Find out what you can do to protect your business. Contract value leakage may be affecting your bottom line
See how you can improve processes to prevent leakage and protect your agreements.
In order to minimize value leakage and maximize business value realization, the business relationship manager can act as a transition advisor to their business partners The brm must be an ambassador for good value management practice, and work with their key stakeholders to overcome these challenges and establish a value optimization. Contracts can lose their value over time in a process known as contract value leakage Learn how to prevent it.
This minimizes disruption and maintains contractual obligations, thus reducing the risk of leakage due to unforeseen circumstances How much does it typically cost to implement robust contract value leakage prevention strategies? Learn how to reduce the amount of value lost over the life of a contract due to missed deliverables, unclear language, and unacceptable costs Find out how contract lifecycle management software can automate and optimize the contract process and minimize value leakage.
Contract value leakage costs companies 9 per cent of their bottom line on average
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