Search common contracting language and take a deeper dive to discover what each means
Issue Management is the act of identifying and resolving Issues related to Contracts to prevent their intensification into Disputes.
It is a risk mitigation activity that can be automated through contract management software, allowing your business to stay ahead.
Gatekeeper can use events such as a file expirations to automatically notify stakeholders that a compliance related issue has occurred and action is required.
Automation also allows proactive issue management, with Risk Scores being used to trigger mitigation workflows.
Proactive Issue Management allows businesses to protect themselves from financial, regulatory and reputational damage.