Contact Lifecycle Management (CLM)
What is it?
- The proactive, methodical management of a contract and associated obligations through its’ distinct phases from contract authoring through award, operations and renewal/Exit.
What are the benefits?
- Implementing CLM can lead to significant improvements in cost savings and driving value from supplier contracts.
- Understanding and automating CLM can also limit potential organisational liability exposure and increase compliance with legal requirements.
- Effective contract management can help mitigate future legal disputes of costly legal battles through clear communication and understanding of both parties commitments through the life of the contract.
Our Experience
- Designing a Contract Management approach for a major Financial Institution
- Developing Training and Development as well as delivery to Buyers
- Contract Reviews and Contract Obligation Identification and Management services
