Webinar: How Berkshire Hathaway Specialty Insurance Mitigates Risk and Preserves Capital Through Better Contract Management

August 16, 2022

Effective contract management is key to effective business operations, especially when money is tight. Missing deadlines, auto-renewing contracts you don’t need, and sending out contracts with outdated language that is not compliant with new regulatory protection requirements can cost companies hundreds of thousands of dollars.

It's not just money, though, that is at stake with poor contract management. It’s also customer loyalty. If your organization experiences a data breach, and customers aren’t notified in a way that was laid out fully in your contract, it can be hard to regain brand trust. Similarly, if one of your suppliers was shown to be using modern slavery in their supply chain and it hadn’t been addressed contractually, your company could face a backlash, as well as large regulatory and financial repercussions.

On August 18th, join experts from Berkshire Hathaway Specialty Insurance, Evisort, and Procurement Leaders for an engaging discussion on improving contract operations and preserving capital while navigating risk. Learn practical lessons from BHSI’s on-the-ground experiences with Evisort's best-in-class AI.

 BHSI will discuss how they were able to:

  • Centralize and securely store global contracts within Evisort
  • Optimize risk management across decentralized contract operations by streamlining compliance processes
  • Reduce spend by unlocking and managing critical contractual data, eliminating surprise auto-renewals and deadlines
  • Navigate compliance audit successfully in minutes instead of days

Find out key contract management strategies for an uncertain economy and how the right technology partner can help save you time, money, and sleepless nights when it comes to regulatory compliance. Register here to join us for a great discussion and live Q&A.

Effective contract management is key to effective business operations, especially when money is tight. Missing deadlines, auto-renewing contracts you don’t need, and sending out contracts with outdated language that is not compliant with new regulatory protection requirements can cost companies hundreds of thousands of dollars.

It's not just money, though, that is at stake with poor contract management. It’s also customer loyalty. If your organization experiences a data breach, and customers aren’t notified in a way that was laid out fully in your contract, it can be hard to regain brand trust. Similarly, if one of your suppliers was shown to be using modern slavery in their supply chain and it hadn’t been addressed contractually, your company could face a backlash, as well as large regulatory and financial repercussions.

On August 18th, join experts from Berkshire Hathaway Specialty Insurance, Evisort, and Procurement Leaders for an engaging discussion on improving contract operations and preserving capital while navigating risk. Learn practical lessons from BHSI’s on-the-ground experiences with Evisort's best-in-class AI.

 BHSI will discuss how they were able to:

  • Centralize and securely store global contracts within Evisort
  • Optimize risk management across decentralized contract operations by streamlining compliance processes
  • Reduce spend by unlocking and managing critical contractual data, eliminating surprise auto-renewals and deadlines
  • Navigate compliance audit successfully in minutes instead of days

Find out key contract management strategies for an uncertain economy and how the right technology partner can help save you time, money, and sleepless nights when it comes to regulatory compliance. Register here to join us for a great discussion and live Q&A.