LIBOR-ation! It’s time for a modern Contract Management Solution
Prepare for the impact that the replacement of LIBOR will have on current and legacy contracts.
The London Interbank Offered Rate (LIBOR) has been the reference interest rate of record for half a century. But in 2021, this rate, which currently governs more than US $350 trillion worth of financial contracts worldwide, is being replaced.
The LIBOR Transition is another example of significant change with operating, legal, risk, compliance, and most importantly, profitability risk. With recent events such as GDPR, Brexit, and MiFID II, changes to the industry business model are inevitable and unpredictable, emphasizing the importance of solutions like Apttus CLM to easily adapt to shifting operating environments.
DOWNLOAD THE
WHITE PAPER TODAY
Will Your Contract Management Solution Help You Manage
The LIBOR Transition?
While most Legal teams recognize the need for a Contract Management solution to navigate the LIBOR transition, it’s important to recognize that not all solutions are created equal.
A CLM should enable long term — and wide-spread — enterprise governance, while applying AI to manage the entire contract lifecycle more effectively. Capable of handling global contracts, and smart enough to help teams navigate blindspots that can introduce risks — particularly when it comes to third party contracts, and contracts with exceptions or amendments.
WHY CHOOSE APTTUS FOR YOUR CLM SOLUTION?
Contracts are a critical pain point for the enterprise.
What if your enterprise could optimize contracts and have your contracts actually drive your business success?
SPEED
Instant search from
any device
VISIBILITY
Reporting of all
activity and metrics
CONTROL
Contract auto-assembly
with approved clauses
COMPLIANCE
Workflows ensuring
policy is followed
EFFICIENCY
Self-service
contract requests
EXECUTION
All obligations
captured and managed
SEE WHAT OUR CUSTOMERS SAY
“What we found, in fact, is [the contract lifecycle] is even faster than what we had targeted. So with regard to the time it takes to generate an agreement, something that had taken six days…is now ninety seconds.”
– Matt Kruse, Vice President of Corporate Programs, FIS
“With X-Author for Excel, we can make decisions in the moment using dynamic, live data based on demand-reports that provide an overview of where the business stands and which power-moves we should make next.”
– Vasu Vijay, CTO
