How much money is your enterprise leaving on the table?
The typical enterprise loses millions of dollars every year due to contract underperformance, which results from not having visibility across the thousands or even millions of active contracts in the business.
Finance departments often assume other parts of the business are tracking contract performance, only to learn there is significant leakage occurring in the business. For one services firm, the cost of missed entitlements added up to $100 million!
Sources of lost value include:
- Payments made earlier than the contract stipulates (depriving the company of cash sooner than necessary)
- Price adjustments based on COLA or other inflation indexes that do not get made
- Volume discounts from suppliers that go unredeemed
- Input costs that are not passed on to buyers, despite contractual rights to do so
In this eBook, we explain how finance professionals can use AI to identify specific areas in a company’s contract portfolio where they may be missing millions in revenue and savings opportunities.