Insights

Regulatory services

Legal

Experience has shown that contract management has been an area of business which had largely been managed through ad hoc interventions and in an unstructured, sub-optimal manner. There are many frameworks and web-based contract management tools that can help organisations achieve cost efficiencies

Regulatory services

True contract management is an end-to-end process comprising four phases: function establishment, framework development, contract administration (incorporating the use of contract management tools) and planned auditing (to refresh contracts and ensure risk management). Efficient contract management is a true business optimisation technique.

Experience has shown that contract management has been an area of business which had largely been managed through ad hoc interventions and in an unstructured and sub-optimal manner. There are multiple frameworks and web-based contract management tools that can help organisations achieve cost efficiencies and effective contract risk management.

Did you find this useful?

Related topics