Realyst Contract Risk Management

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Call To Action

CONTACT REALYST FOR PROFESSIONAL ADVICE

To get answers to your questions about contract management, and to get maximum value from your company’s contract management system, contact Realyst on:

Tel: +27 11 463 5311
Fax: +27 11 463 7179

E-mail: info@realyst.com

The Realyst advantage

Realyst, founded in 1998, is a specialist in the field of automated contract risk management, and a leading provider of lease and contract management software and consulting services.

Realyst’s software enables its clients to maximise business benefits from contractual relationships, and to mitigate the risks associated with contract management. Realyst tackles contracts from a business perspective, supported by software. This approach ensures that its clients obtain all possible corporate governance and financial benefits. During more than eight years of being in business, all of Realyst’s implementations have been successful.

Realyst’s clients can expect post-implementation benefits that range from improved compliance management and a reduction in material and service costs, to revenue improvement and contracting cycles being halved.

Realyst’s clients range from blue-chip corporations to government departments and State-Owned Enterprises. Realyst’s international customers are located in Nigeria, California and Illinois, USA, and in the UK.

Enterprises could experience a potential reduction of 40 basis points in hard and soft costs by using contract management software.
- Goldman Sachs

Companies could realize savings that equate to 2% of total annual costs by eliminating inaccuracies and non-compliance through contract automation.
- PricewaterhouseCoopers

Ineffective control and management of supplier contracts cost businesses $153 billion per year in missed savings opportunities.
- Aberdeen Group

Why Contract Management?

Most organisations manage their contracts through a decentralised, paper based approach utilising ad hoc spreadsheets or databases. This exposes the enterprise to significant risk.

In a recent international survey, 81% of companies said that just finding contracts was problematic (up to 1O% of their contracts were lost) and 71% of companies listed contractual risk as a major area of concern and reported they did not have a reliable process in place to alert key parties to contractual risk.

The fact that contracts are paper based makes them inherently difficult to share and manage.

Contracts are the foundation of modern business and have increased in both volume and complexity over the past decade. These agreements dictate the terms, pricing and service levels of organisation’s customer, partner and supplier relationships.

Contracts provide a framework by which a company manages and mitigates risk in these relationships. Lack of process, visibility and control exposes the organisation to breaches in corporate governance requirements and financial loss.