GAIN VISIBILITY INTO CONTRACTUAL OBLIGATIONS, MITIGATE REGULATORY RISK, AND SAVE MONEY 

 

How?  by upgrading procedural controls and improving compliance to contract terms and conditions.

 

CHALLENGES

 

While contractual agreements are the foundation of most business relationships, the processes of contract creation, compliance management, and performance analysis often are inconsistent and under-resourced.

 

  • Labor-intensive processes waste resources.

 

 

  • Nonstandard terms and conditions erode profit and increase compliance risk.

 

 

  • Obstacles to retrieving information hinder contract compliance.

 

 

OUR APPROACH

 

  • Diagnose current state and then generate value hypothesis and proof-of-value analysis.

 

  • Assess operations and then develop future state blueprint, transition plan, and business case.

 

  • Develop contract template and rationalize clauses.

 

  • Re-align business processes and organizational structures.

 

  • Define business and system requirements.

 

  • Create contract ‘wizard’ and a repository of pre-approved alternate contract templates.

 

  • Refine procedures/controls and ‘smart’ alerts to ensure the completeness and accuracy of contract related information.

 

  • Evaluate, select, and implement packaged software for enterprise contract management/contracts lifecycle management.

ENTERPRISE CONTRACTS MANAGEMENT BENEFITS

 

  • Avoid incorrect rebates, charge-backs, and administration fees.

 

  • Realize optimal returns on contract-related investments.

 

  • Decrease the risk of fines and penalties.

 

  • Minimize rogue contracting and maverick spending.

 

CONTRACTS MANAGEMENT  

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