ContractNow
Automated Renewal Reminders
Get ahead of every contract renewal with timely reminders to your key stakeholders. Appraise every contract in good time and renegotiate from a position of strength, ensuring costs are tightly controlled.
Never miss another renewal.
Contract Management is a key business process, comprising a range of activities across all the stages of the contract lifecycle.
Often overlooked, particularly in fast-growing businesses, effective contract management can be a source of competitive advantage. If the principles are applied consistently it can help ensure:
All negotiated contract benefits are delivered
Costs are controlled and reduced as renewals are prepared for and duplicate spend can be removed
Business risk is mitigated by making suppliers responsible for maintaining compliance and providing clear reporting for audit purposes
Processes are carefully designed and automated and consequently reduce the amount of time specialist resource (such as your Legal Team) spend doing non-specialist work (such as basic contract admin)
Explore Related Categories