LEADING LEGAL PUBLICATION POSES THE QUESTION AROUND CONTRACT MANAGEMENT: “IF YOU’RE NOT LOOKING FOR A RETURN ON INVESTMENT, WHY NOT?”
Copyright: NobMouse
Managing risks hidden in legacy contracts, or in other words finding out the unknown value in your enterprise contracts to stop revenue leakage, is a compelling need of all businesses.
“To say I haven’t got a process or a clue what our risk is, is unacceptable in today’s environment” was the point our CEO and founder David Holme made in an exclusive interview with LegalTechnology.com, this month.
This pragmatic and commercially savvy viewpoint backs up his previous comments on how there can be too much emphasis on the ‘I’ and not the ‘R’ in evaluating an ROI (Return On Investment). See our blog “Tips from the top“.
In his interview, David highlights the issue of not having at least a clear process in place that let’s you analyze and extract risk data from client contracts. “Without understanding the financial risk from data analytics” – Holme said – “The risk might cost $1 or it may be a tiny risk that costs $1bn. It’s about qualification of risk.”
