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Managing contracts in an evolving regulatory world

Jaclyn Jaeger | July 3, 2018

For companies with disparate systems and processes, managing contracts and contractual relationships remains a challenge. Yet, failure to keep contracts current may also result in a failure to satisfy regulatory demands, posing compliance and legal risks.

Knowing how to properly manage risk across the company’s entire contract portfolio is a critical part of maintaining compliance with contractual agreements and ensuring that contracts remain current and in line with regulatory requirements in the United States and abroad. In a June 27 Compliance Week webinar, compliance and legal executives shared what effective strategies they have developed within their own companies to make their contract management processes more efficient and transparent.

At a high level, leading companies are employing digital strategies where appropriate and are seeking to automate tasks by using such technologies as data analysis tools, dashboards, continuous monitoring, data warehousing, and...

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