Contracts Management for Retail: Delivering Measurable Value from Contracts Management

Location:

Tower 42
London
UK

Contracts Management for Retail
Delivering measurable Value from Contracts Management

The retail industry is a dynamic business sector.  New products and suppliers demand faster launch cycles, competition dictates the need to continuously create new campaigns which require management and monitoring.   In a difficult economic climate the retail sector finds itself constrained in its ability to grow and maintain profit margins. Market saturation, more discerning but less loyal consumers and an increase in the number of alternative sales channels combined with a blurring of roles between suppliers, partners and retailers leads to an increased need to manage the relationships in a more efficient effective manner.

Contracts dictate the manner of the relationships between customers, partners and suppliers alike. Failure to monitor royalty and other revenue streams that are negotiated with partners, suppliers and customers can lead to loss of significant amounts of revenue. As the number of alliances has grown and the complexity of the compensation arrangements has increased, the monitoring of these arrangements has struggled to keep pace hence the increased focus on effective contracts management.

In addition the retail sector is also experiencing heightened regulatory pressures requiring stronger internal document control, greater transparency, accountability and accuracy in the manner in which contracts are stored and accessed thus increasing the need for solutions to manage risk associated with contracts.

Join Open Text and industry leading Contracts Management experts Attevo, and take part in an informative session on the business benefits of managing the increasingly complex contracts management lifecycle. We will focus on the retail sector and the challenges they face in providing a continuous programme of improvements and benefits realisation.

By attending the seminar you can understand the business benefits of effective contracts management including risk and compliance management, supply chain integration and business process efficiency savings.
Open Text and Attevo staff will be available to discuss their experiences and provide invaluable advice; we look forward to welcoming you at Tower 42.