Design and Build an Effective Contract Lifecycle Management Process
Mitigate risk and drive value through robust best practices for contract lifecycle management.
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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.
Book NowModule 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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