By leveraging contract data, Realyst Contract Manager™ provides the potential for rapid return on investment (ROI) through improved negotiating power, increased revenues, reduced spend and maximised business relationships.

The payoff from the Contract Management process is significant. In a report titled, "Time to Manage Those Contracts," Goldman Sachs observes: "Improved contract management reduces operating and processing costs, and increases revenues by providing proactive contract administration, improved vendor and customer relationships, and enhanced compliance with financial standards. These benefits extend to companies in all industries, as contract management is a horizontal reality in today's economy."

According to Aberdeen Consulting Group, Organisations can benefit from the implementation of a contract management system in the following areas:

·         Compliance management improved by up to 55%

·         Reduction in material and service costs from 2% to 7%

·         Revenue improves by 1% to 2%

·         Contracting cycles cut in half

·         Reduction in administrative costs by 25% to 30%

The International Association for Contract and Commercial Management has found that Organisations who have focused on improving contract management have achieved:

·         “Average bid and contract lead-times reduced by up to 300% [sic]

·         Frequency of disputes (especially around claims for non-performance) reduced by up to 55%

·         Productivity differences of contract management staff up to 90% higher

·         Percentage of contracts achieving or exceeding target results up to 18% higher“