Putting in the right processes and resources can eliminate the vast majority of audit preparation expenses, increase productivity, and enhance communication across departments, as well as with the government.
A lack of functioning systems and processes, along with the sunk cost fallacy of having invested time and money in programs and tools that don’t work for the contracts team have created cultures of status quo acceptance. GovCon leaders have found structured processes and technology that can increase their levels of contracts lifecycle management maturity, helping save both time and money.
If you are a GovCon executive with contracts responsibility, join other industry thought leaders in an exclusive executive panel discussion to map the treasures and landmines faced on the path to contracts department maturity. They will explain the Contracts Organization Maturity Model, delineate the multiple advantages of instituting the right systems and processes, as well as outline steps to reach your goals, save money, reduce risk, and enhance your overall operations.
Contact Amee Singh at firstname.lastname@example.org to learn more.
What is the CLM Maturity Model?
As a firm becomes more mature, benefits accrue rapidly. Unfortunately, roughly five percent of the industry is still stuck in the Dark Ages. When making an investment decision in programs, processes, and toolsets, the CFO wants to clearly understand return on investment. Finding ways to prove ROI becomes critical in order to advance your contracts organization.
GovCon contracting is complex, funding is tight, and the stakes are high.
In an industry where administrative burdens are often the bane of your organization, the benefits of attaining higher levels of performance and efficiency cannot be overstated. GovCon leaders know that serving a customer within an extensive bureaucratic maze is not only complex, but also time-consuming and expensive. Firms that will survive and thrive will do so by using advanced CLM practices and tools.