Papers & Studies

This paper documents best practices for streamlining third party contract development, approval, exceptions and addendums processes. Organizations increasingly rely on contract clauses and policies to mitigate third party risk. However, fewer than half in a recent study reported they are able to monitor compliance with contract provisions. This paper examines the need for actionable contracts and shows how they can be written and managed across the relationship lifecycle from both the outsourcer and third party provider perspectives.