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Reducing Costs with a Contract Management Solution

Merrill Corporation outlines the additional strategies General Counsels can use to reduce costs, discuss their advantages and disadvantages, and provide an overview of the unique opportunities presented by technology solutions, especially for contract management.

If you really want to reduce costs in the legal department, it is no longer sufficient to lean on outside counsel. Most companies are finding that appropriate investments in technology solutions can have a dramatic effect on cost structure within the department and throughout the organization. Contract management solutions provide the fastest, biggest and most widespread returns of the options available — and cost conscious GCs evaluate contract management solutions to help them meet the budgetary demands of their organizations.

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