The Contracts Department is a key driver of enterprise-wide value, not just an isolated silo. To excel in an organization, contracts leaders must work with executives and colleagues from other departments to impact the following value drivers.
- 4 Ways Contract Management Drives Value
1. Revenue Growth
2. Risk Mitigation
4. Process Efficiencies
This framework makes it simpler for leadership teams to quantify and measure the contribution of Contracts to the entire enterprise. Each organization has a unique set of factors that will determine how it grows and the impact of its growth investments.
To focus efforts, the CFO needs answers to questions specific to each of these value drivers. Download our whitepaper on “Questions Every GovCon CFO Needs to Ask Contracts Leaders” to learn more.