According to EY, 88% of General Counsel are planning to reduce the overall cost of their legal functions by the end of 2023, mainly driven by pressure from the executive team. Yet, workloads are expected to rise by 25% in that same period.
With this in mind, legal departments are being asked to do more with less.
In this context, technology represents a real opportunity. The legal and financial risks caused by manual contract management are no longer compatible with the need to streamline.
But what are these risks? What is the cost of manual contract management? How can contract management solutions enable companies to do more with less?
Through this guide, we hope to answer these questions and help companies use technology as a lever for efficiency and effective contract management.