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Inefficient or incomplete processes can also lead to approval delays, decreased productivity, compliance issues, increased risk , and lost business due to dissatisfied customers. It eliminates manual, disjointed contract processes and increases operationalefficiency.
TL;DR Data silos are customer, business, or operational data that are held by a single team/department and not easily accessible by other units in the same organization. Silos most often occur due to companyculture, organizational structures, IT deployments, or mergers and acquisitions.
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