Design and Build an Effective Contract Lifecycle Management Process
Mitigate risk and drive value through robust best practices for contract lifecycle management.
RETIRED CONTENT
Please note that the content on this page is retired. This content is not maintained and may contain information or links that are out of date.You can’t find key vendor contracts and are concerned that your organization is at risk regarding vendor compliance:
- You don’t know when key vendor contracts are due to renew.
- You can’t find the latest version of a contract.
- Vendor rebates are not being maximized.
- You constantly miss agreement renewal deadlines.
Contract management can save money, reduce time spent on contract approvals, and mitigate risk to the organization:
- Assess the current maturity state of your existing CLM process.
- Identify improvements areas in your processes to reduce risk.
- Understand where to focus improvement efforts and spend.
- Identify stakeholders for improved collaboration.
Book Your Workshop
Onsite Workshops offer an easy way to accelerate your project. If you are unable to do the project yourself, and a Guided Implementation isn’t enough, we offer low-cost onsite delivery of our Project Workshops. We take you through every phase of your project and ensure that you have a road map in place to complete your project successfully.
Module 1: Review Your CLM Process and Learn the Basics
The Purpose
- Identify current CLM processes.
- Learn the CLM operational framework.
Key Benefits Achieved
- Documented overview of current processes and stakeholders.
| Activities: | Outputs: | |
|---|---|---|
| 1.1 | Review and capture your current process. |
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| 1.2 | Identify current stakeholders. |
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| 1.3 | Learn the operational framework of CLM. |
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| 1.4 | Identify current process gaps. |
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Module 2: Learn More and Plan
The Purpose
- Dive into the two phases of CLM and the ten stages of a robust system.
Key Benefits Achieved
- A deep understanding of the required components/stages of a CLM system.
| Activities: | Outputs: | |
|---|---|---|
| 2.1 | Understand the two phases of CLM. |
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| 2.2 | Learn the ten stages of CLM. |
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| 2.3 | Assess your CLM maturity state. |
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| 2.4 | Identify and assign stakeholders. |
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