Revenue Drivers

Typically Contract Management is a COST CENTER

Ineffective contract management can erode company profits by driving up overall legal spend. Lack of controls, penalties for not meeting contractual obligations, and other major risks can lead to a highly inefficient contract management function. Most teams respond to their rising legal costs by cutting their staff, forcing a smaller legal and contract management team size that need to simply do more with less. This ultimately does more harm than good, leading to a shortage of knowledgeable resources, making contract management even more difficult.

Effective contract management can transform from a ‘Cost Center’ to a powerful ‘Revenue Driver.’ ABiz Corporation provides end-to-end contract management solutions that enable clients to efficiently manage their growing number of contracts, optimizing costs and maximizing value on both the buying and selling sides. Our services help drive revenue by focusing on key areas such as:

Cost Savings: By meticulously managing contracts, companies can identify cost-saving opportunities, such as negotiating better terms, avoiding penalties, and reducing inefficiencies.

Revenue Optimization: Well-managed contracts ensure that all parties adhere to the agreed terms, which helps maximize revenue from existing contracts. This includes timely invoicing, accurate billing, and ensuring compliance with agreed-upon terms and obligations.

Risk Mitigation: Effective contract management minimizes the risks of legal disputes and non-compliance, helping to avoid substantial penalties and litigation expenses.

Enhanced Relationships: Effective contract management strengthens partnerships with suppliers and customers, fostering trust, securing more favorable terms, and unlocking opportunities for future collaboration and growth.

Operational Efficiency: Streamlined contract management processes minimize administrative overhead, optimize resource allocation, and enable teams to focus on strategic, revenue-generating initiatives.

Data-Driven Decisions: Comprehensive contract management provides valuable insights and data, enabling better decision-making and strategic planning that can uncover new revenue opportunities.

Innovation and Flexibility: A proactive approach to contract management allows companies to quickly adapt to market changes and leverage new opportunities, driving innovation and growth.

From RFP development to negotiations, hand-over, and post-contract management, ABiz advises on the appropriate sourcing mix and integration of people and technology, using market knowledge, expertise, and insight into your company’s needs. By leveraging right shoring options for the service performance, either domestic or offshore, ABiz helps supplement or replace internal contract management efforts

Our Approach Stops The Madness Of:

Missed deadlines
Reoccurring surprises
Continual revisions to forecasts, budgets or estimates
Costly disputes, compliance issues, financial losses, inefficiencies, and strained relationships