In tougher times, many are looking to speed up their sales efforts. But if the ship is leaking, it doesn’t matter how fast you row. To minimize the risk of value leakage, Ways complements the offer of the market’s best contract management in Microsoft 365 with the possibility of legal advice from Lexpertise.
On average, companies lose as much as 9% of their annual turnover due to poorly managed contracts*. Complementing an effective contract management system with a legal advisor can be crucial to prevent and minimize value leakage in several ways.
Among other things, through:
- Proactive risk management: A legal advisor can help identify and manage potential legal risks and vulnerabilities that may not be captured by a contract management system alone. By conducting regular legal reviews and risk assessments, the company can proactively address potential issues and minimize the risk of value leakage through contracts.
- Creating tailored solutions: A legal advisor can help create customized contractual strategies and solutions that are tailored to your company’s unique needs and goals. This may include designing contractual clauses to minimize risks, negotiating favourable terms and optimizing the value and efficiency of contracts.
- Business development and growth: By working with a legal advisor, the company can be supported in developing business strategies, managing negotiations and driving growth initiatives. This may involve identifying and exploiting business opportunities, negotiating advantageous agreements and ensuring compliance with laws and regulations to promote sustainable growth and success.