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.

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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

– Matt Kruse, Vice President of Corporate Programs, FIS

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– Vasu Vijay, CTO

Read the Full Story Here

With Apttus true contract lifecycle management, customers achieve the following:
  • 45% increase in contract accuracy
  • 43% increase in compliance
  • 42% faster contract processing
  • Deliver customer-centric financial solutions across the entire customer lifecycle.
  • Apttus helps financial services companies achieve regulatory compliance.
  • Save time, reduce risks, and drive better business value through centralized and intelligent contract negotiation, repapering, amendments, and renewals.

 

Learn More about how Apttus can help you succeed in today’s environment of regulatory uncertainty. With Apttus CLM you will be prepared for the challenges of today–the LIBOR transition—and be ready to face the shifting operating environments of tomorrow.

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