Within our contract lifecycle management service we assist businesses by building, reviewing, and managing a contract lifecycle framework that helps sustain and secure businesses’ interests, while bringing efficiency into the process.
CONTRACT LIFECYCLYE MANAGEMENT
The issues concerning management of the contractual risks are mainly covered under our legal management service, and our contract life cycle management (CLM) service is a supplement to the contract risk management. Within this service we assist businesses by building, reviewing, and managing a contract lifecycle framework that helps sustain and secure businesses’ interests, while bringing efficiency into the process. Our contract lifecycle management service increases efficiency and improve resilience in the contract lifecycle. For providing this service, we rely on our extended experience in a wide range of industries and our analytical capabilities to help identifying areas for improvement and help to fill the identified gaps in the business organizations.
After a far-reaching analysis of the current situation and the requirements in the contract cycle, we can assist businesses to develop a harmonised core contracting process, establish strategic governance, and define clear responsibilities for the internal stakeholders in the contract process. In addition, based on our client’s needs we identify and suggest IT tools for developing the entire contracting process.
We design your CLM system from an operational and organisational point of view, so it addresses the relevant steps, defines clear responsibilities, and takes regulatory requirements into account. This system eliminates internal sources of error, shortens the time until a contract is signed and facilitates communication with partners, develop the processes to efficiently meet compliance, improve reporting and intelligence requirements, and clear assignment of responsibilities, and monitor contract-related processes. Identification and evaluation of legal risks within the existing contract portfolio, and provision of standard clauses are other components of the CLM service.
This is a shortlist of our contract lifecycle management services:
- Create standard contract templates based on the nature of the business, internal and external frameworks.
- Inclusion of risk management in the lifecycle of the contracts, and integration of the contracting management in the enterprise risk management of the organization.
- Redesign the processes in order to cut the cycle of contracting.
- Assist in technology transformation in contract lifecycle management.
- Design the process of legal due diligence for client’s contracting system and conduct legal due diligence based on referral from a client.
- Mitigate dispute risks in contractual relations.
