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"Contract risks to watch out for-Pain points"

Contract Risk Playbook: Risks Hiding in Plain View

Contract Risk Playbook: Risks Hiding in Plain View

White Paper: Exari Systems

Contract management is an integral component of the firm’s strategy and business operations. A lack of control around the contractual relationships creates risks, and can lead to brand or reputation damage and the loss of significant revenue.

Contract risk management enables senior executives and boards to improve operational excellence while reducing risks.

This whitepaper helps to examine how contractual agreements, a vital and often overlooked corner of operations, can provide management with the business intelligence to help reduce risks, uncover waste, and improve performance.

Key takeaways from this whitepaper:

  • Contract risk- in terms of three broadly defined themes

  • How well do you know your contractual risk?

  • Contract risks to watch out for-Pain points

  • Current trends in contract risk

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What is

What is Risk Management ?

Risk management is the way of identifying, measuring and dealing with the threats to an organizations capital and earnings. Definition according to ISO 31000 Risk management is the way toward assessing the chance of loss or damage and finding a way to battle the potential Risk.

What is Enterprise ?

In the computer industry, an enterprise is just another name for a business; the term is often used to describe all the organization that uses computers. Enterprise is a term that encompasses small and big, private, public businesses, corporations, government bodies, and possibly unique sorts of business affiliations. You will often come across the usage of the word “Enterprise” when examining about new organizations and different organizations.

What is Risk ?

The risk is the possibility that something bad or unpleasant (exposure to the chance of injury or loss) will happen. Organizations are exposed to risks of different degrees; risk management is a procedure which involves assessing the risks and then taking necessary steps to either eliminate or to reduce them as far as reasonably possible.

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