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Whitepaper: Boost Third-Party Risk Oversight with Contract Lifecycle Management

Date posted: Jan 19, 2023
Estimated read: 2 min
Author: Dan Townsend

Supply chain resilience is now the top strategic priority in organizations across the world. One way to get more visibility into who supplies your third parties and n-tier suppliers is by mining data from your supplier contracts. The problem is Fortune 1000 companies maintain anywhere from 20,000 to 40,000 active contracts at any given time, and talent to manage contracts, monitor third-party risk and manage supplier relationships is in short supply.

Today’s business environment requires everyone to do more with less, which means managing risk is everyone’s job. Procurement, finance, compliance, and other stakeholders need to access all company data from one centralized location, including contracts, risk profiles, questionnaires, certificates, and more.

This whitepaper will show you how procurement teams can work more efficiently with other business units to create a stronger third-party risk management program by simplifying contract management. We’ve created a step-by-step plan to help you marry the processes. We’ll cover: 

  • The perils of poor third-party risk management. 
  • The benefits of contract lifecycle management. 
  • How to integrate your third-party risk management strategy and supplier contracts

Don’t let your third-party risk management program fail because of a lousy contract management process. Contract lifecycle management and third-party risk are complementary processes that work in sync to maximize financial and operational performance and minimize risk. 

Click below to download the full whitepaper Boost Third-Party Risk Oversight with Contract Lifecycle Management

Contract Management


Dan Townsend

About the author

Dan Townsend

Dan has been a leading executive across all areas of Contract and Compliance Management applications since 2001 in both Sales and Implementation. Dan has over 30 years management experience in a wide range of business applications such as ERP Implementations, Business Process Reengineering, and Operations Management.

See authors posts
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