Compliance and Governance Blog

Implementing a Contract Management System to Reduce Your Risks and Costs
Contract management has become a critical component in many companies’ compliance and risk management programs. According to industry experts, a typical Fortune 1000 company manages between 20,000 and 40,000 contracts a year. Each of these contracts contains dissimilar terms, requirements, and commitments. …

CSC Matter Management can help reduce your budget in several ways. First, according to a study conducted by the ACC*, companies who implement a matter management system save an average of 8% on their outside legal spending. Much of this saving results from eliminating duplicative or unnecessary legal work. Second, unlike …

Under federal tax law, the IRS can serve notice of levies on banks and other financial institutions to levy upon customer account balances because of unpaid taxes. Companies are held liable for the full amount of the levy (plus penalties and interest) for failure to comply within the allowed timeframe. It is equally …

In times of economic crisis, reducing your exposure to bankruptcies is critical to your business survival. It can be difficult to know where to begin, however, as bankruptcies pose risks that are often scattered and obscured throughout large organizations. Communication and collaboration between legal, finance, and operations functions is vital to mitigate risks …

Cost-Effective Subpoena Compliance: Fulfilling Subpoenas Without Violating Applicable Privacy Laws
Complying with a wide variety of incoming subpoenas can be a burdensome task for corporate legal departments with increasingly limited money, time, and staff resources. Juggling and tracking multiple subpoenas including gathering voluminous amounts of documents and meeting court-imposed deadlines requires seamless coordination between …

Contract management has become increasingly complex.
Paper traffic from contract notices is overwhelming.
Fortune 500 companies and others are managing hundreds to thousands of contracts with multiple notice provisions, renewal dates, related litigation, and rigorous audit, tracking and compliance requirements.
Managing vendors and invoices is extremely time-consuming.
All these demands are costly in an economic climate with increasing budget …