New Information Paradigms Risk
The PL-cms substantially reduces the risk often associated with procurement. Much of this risk reduction comes from providing a secure but easily accessible repository for all procurement documentation. The PL-cms prevents the loss of contract documentation, which is particularly important if the contract itself is the subject of legal action.
Risk is also minimised through the improved communication and immediacy of knowledge that the PL-cms provides. Improved management information has the advantage of focussing attention on those suppliers / contracts that are most likely to offer the most considerable savings from efficiency or collaboration.
The PL-cms also reduces risk by improving and supporting communication between departments.
By preventing loss of important contract documentation, the PL-cms also enables Local Authorities to meet audit documentation retention requirements.