Contract Management – News, Views, and Analysis

Escape the Compliance-Cost Trade-off Curve!

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The GovCon industry is serving a very cost-conscious customer. That’s caused contractors to minimize indirect costs to remain competitive. But leanly staffing the Contracts department creates compliance exposure, revenue write-downs, and enterprise risks. So most GovCon firms waver between losing business and a host of risks – that’s The Terrible Trade-off.

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Ensuring full contractual compliance doesn’t have to mean higher indirect rates. Industry leaders have escaped this “Terrible Trade-off” using advanced practices and tools. Here are a few tips:
  • Automate manual tasks to eliminate data entry errors and increase productivity
  • Integrate contracts and financial systems
  • Put solutions and processes in place to reach Level 4 of the Contract Lifecycle Management (CLM) Maturity Model

    Learn more by downloading the “Escape GovCon’s Terrible Trade-off” whitepaper today.