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.

Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...