Contract management
Contract management
A common challenge faced by companies across verticals is having an insight to their contractual commitments. The sheer volume of data accumulated over a period of time makes it extremely overwhelming for individuals and teams to easily track and understand this information. To find a customer contract and look for relevant information would mean many man hours scanning through folders and unorganised contracts, leading to delays in decision making and perhaps having a critical impact on business. Our services will help:
- Have access to organised contractual data in a format suitable to your needs. For inhouse legal teams it saves time by giving easy access to information required and free up time to spend on other critical work. Legal can use this information to empower other teams to make timely decisions by providing quick access to contract data requested.
- Understand areas where there are deviations from regular standards and considerations made which are unfavourable for the company. Enforce company standards and renegotiate restrictive clauses wherever possible.
- Help other teams stay on top of things which are critical for their business. Sales teams can access upcoming renewals to proactively push for renewals and look for opportunities to expand the relationship. Finance teams can easily track high value customer transactions to focus, enforce price escalations to generate more revenue growth