International Journal of Advanced Multidisciplinary Research and Studies
Volume 3, Issue 6, 2023
Combining Fiscal Contract Management with Business Law and Data Analytics to Improve Legal and Financial Outcomes in Corporate Environments
Author(s): Adeyinka Lawal, Bisayo Oluwatosin Otokiti, Sibongile Gobile, Adeola Okesiji, Odunayo Oyasiji
DOI: https://doi.org/10.62225/2583049X.2023.3.6.4407
Abstract:
This paper explores integrating fiscal contract management, business law, and data analytics to enhance legal and financial outcomes within corporate environments. As organizations face increasing regulatory scrutiny and complex contractual landscapes, aligning fiscal management practices with legal standards has become paramount. The study highlights the significance of adopting a proactive compliance approach, wherein organizations embed legal considerations into their fiscal management processes, thus mitigating risks and enhancing operational efficiency. Furthermore, data analytics is emphasized as a transformative tool that empowers organizations to make informed decisions based on historical data, predictive modeling, and statistical analysis. By examining case studies and identifying best practices, the paper illustrates how organizations can merge these disciplines to improve contract performance, optimize resource allocation, and enhance risk management strategies. The findings underscore organizations' need to cultivate a collaborative culture among legal, financial, and analytical teams while investing in technology and training to foster data-driven decision-making. Ultimately, integrating these fields presents significant opportunities for organizations to navigate the complexities of today’s business landscape and achieve sustainable success.
Keywords: Fiscal Contract Management, Business Law, Data Analytics, Legal Compliance, Financial Performance, Risk Management
Pages: 1900-1909
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