In recent years, the use of LPOs has become more common. As companies look to manage their resources better, LPOs can offer a more cost-effective as well as efficient option. And, in addition to handling legal processes, LPOs have data analytics capabilities that your internal legal team may not.\r
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LPOs can analyze data on managing obligations which will help you identify when a contract has deviated from its standard. Their ability to track the contracting process and provide real-time feedback is vital to help you streamline the contract execution process.\r
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In this session we will discuss:\r
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- Determining whether to use an LPO and internal prerequisites\r
- Getting the most value out of your LPO engagement through their use of metrics and analytics\r
- What processes/activities should you be turning over to an LPO
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