The LIBOR Transition will challenge operational readiness—all firms are impacted! Organizations that continue with short-term and outdated methods for document inventory, repapering, fallback language, and post-execution digitization will experience major stress to their existing resources which will ultimately lead to increased cycle times and negative impacts to the bottom line. Join Financial Service Industry experts from Apttus to discuss best practices in contract remediation through principles such as: Clause Libraries, Manage by Exception, and Intelligent Workflow Design. You’ll gain insights by hearing client use cases relevant to your business as well as methodologies in workflow development. We will demonstrate tools that have capabilities you care about: Contract onboarding, AI, data capture and reporting on critical KPIs.
With 2021 looming on the horizon, only three percent of organizations have effectively prepared for the transition. Organizations that have yet to begin must consider a transition strategy that accounts for all expected business, client and regulatory concerns. In many cases, the proposed alternative rates will be calculated differently across geographies, which means all existing payments under contract may need to be reevaluated in detail – especially if agreements are global and subject to a variety of replacement rates.