The document provides a comprehensive guide to enhancing contract management processes, outlining the importance of systematic handling of contract execution, analysis, and formation to minimize risks and maximize performance. It discusses key aspects such as lifecycle management, outsourcing benefits, and five ways to improve services, including engaging service providers and using templates. Additionally, it emphasizes the significance of regular reviews and automation in maintaining efficient contract management.

1. 5 Powerful Ways To
Enhance Your Contract
Management Process
A Comprehensive Guide

2. What is Contract
Management?
Contract management
is the process of
systematically and
expertly handling the
contract execution,
analysis, and formation
for minimizing risk
and maximizing
operational
performance.

3. Process of Content Management
Alerts on key dates
Avoidance/mitigating risk
Important upcoming events
Contract lifecycle management
Keep track of renewals

4. Step By Step Procedure of Contract
Management
Contract Request
Authoring
Negotiation
Approval
Execution
Obligation Management
Contract Amendment
Audit & Reporting
Renewal

5. Conditions For Effective
Contract Management
Productivities are being realized
Provider is co-operative and responsive
No Arguments
Preparations for service delivery continue to be acceptable to both
parties
Customers understand its responsibilities under the contract

6. Features of
Efficient
Contract
Management
Contract creation and
compliance
Most time-saving features:
workflow tools
Electronic storage

7. Services Include In
Contract
Management
Distributor Contracts
Material Transfer Agreements
Sub- Contract Agreement
Unfunded Agreements
Partnership Agreement
Research Agreements

8. What is Contract
Reviewing and
Drafting ?
Contract review is the process
of clarifying of contract
related facts and estimate of
contract risks. Contract
drafting is the process which
delivers the overall
understanding of how to write
legally justifiable contracts.

9. Issues Involved
In Managing
Contracts
Define the liabilities and
obligations
Expecting conflict
Establish the relationship
Determine the termination
of the agreement

10. Why Outsource Contract
Management Services?
Outsourcing is really a very good
choice. It will help you to increase the productivity of your
business as well as the law firm and will set you free to focus on
your main business activities.
contract management services

11. Benefits of Outsourcing Contract
Management Services
Reduce administrative overhead
Central visibility
Immediate cost savings
Direct Vendor Communication
Long Term Discounts

12. 5 Ways To Improve Your Contract
Management Services

13. If you think it’s time to make
delicate efficiencies in the way
you manage your contracts.
Examine These
Five Solutions

14. 1. Review your Current Process and
Fix Goals
Review your current process and check out what’s working and
what is not.

15. By hire third party contract management services you will surely
increase visibility, reduce risks and save cost.
2. Engage A Contract
Management Service Provider

16. 3. Use Templates
An effective way in imposing reliability is using the contract
templates with identical language.

17. Automation
is another
key in
managing
all your
future
contracts.
4. Automate

18. 5. Build A Plan To Continuously
Review Your Process
Assign someone the responsibility to review your all monthly,
quarterly or annual basis process.

19. Contact us
Hope this presentation
was helpful for you.
Feel free to contact us
with questions.
Email – info@legalsupportworld.com
Contact - +1 646-688-2821