Companies often spend a lot of time and money on officially recording agreements with suppliers and customers. Everything is carefully legally sealed, often with the help of specialists. Five hundred page contracts are no exception today.
But then it really only starts: the execution of the contract. It is often difficult for clients to check whether the supplier complies with the agreements made, especially when contracts are concluded in a fragmented way in the organization and when they are manually managed.
As a result, there is little control and sometimes no action is taken on time when the validity expires, with the result that the opportunity to renegotiate the price or purchase conditions has been lost.