According to Bain&Company, improving contract management can yield 100 basis points of restored revenue, which drops right to the bottom line. Article reinforce the idea that many Financial Institutions are leaking large sums of cash due to sloppy contract management. Unfortunately too often, a contract goes into an electronic drawer where it cannot be easily accessed, analysed or tracked.

Wringing full value from contracts requires an airtight contract structure and robust fulfilment. Building mature capabilities entails steps that include a single data house with easy access, processes supported by the right digital tools, coaching for the front line and accountability for contract enforcement.
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