Boosting Legal Efficiencies to Fill Revenue Gaps Caused by Slowed Global Growth

Overview

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Cost: Complimentary

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According to the World Bank, global growth is expected to shrink from 5.5% to 4.1% in 2022 due to the pandemic, war, and lingering supply chain bottlenecks. More than ever, large corporations are looking for innovative ways to preserve and create new revenue in these challenging times. When you consider that companies can lose up to 9% of revenue due to poor contract management (according to World Commerce & Contracting), there is a huge chunk of revenue that can be saved by shoring up efficiencies around contracts.

Join this webcast and discover how to streamline complex contract workflows and preserve revenue during the economic downturn. You’ll learn how sensor and system manufacturer Balluff modernized contract workflows, cut costs, and boosted efficiency with automated contract management. Join Geronimo Fritsch, Group Head of Legal and Compliance at Balluf, and Jim Leason, Managing Director of EMEA at Agiloft to explore:

• How Balluff deployed contract lifecycle management (CLM), creating workflows with automated tasks to handle negotiation, approvals, and renewals.
• How Balluff configured designated roles and permissions to bring other departments into the process and used signature guidance to increase contract compliance and accelerate time to contract.
• How to approach integrating contracts with ERP and other enterprise systems, and how that unlocks contract value across the organization.
• Best practices for long-term user adoption using contract tools.

Speakers

Geronimo Fritsch | Group Head of Legal & Compliance | Balluff

Jim Leason | Managing Director of EMEA | Agiloft Jim has worked in the European legal market his whole career, initially as a corporate and commercial lawyer in law firms, and then in-house, and latterly in various strategy, operational, and go-to-market roles serving the needs of risk, compliance, contracts, and legal professionals with market-leading information and software solutions. Prior to joining Agiloft, Jim was responsible for the go-to-market strategy of the Thomson Reuters Legal business in Europe and managed the Thomson Reuters court case management a Jim has managed legal and contract management teams in global businesses, driving service improvements through contract standardization, developing negotiation playbooks and governance matrices, and delivering legal intake processes.