This document discusses a contract management system for small businesses. It outlines the stages of contract management including initial requests, authoring, approving, executing, revising and auditing contracts. A contract management system consolidates the process, automates tasks, and increases efficiency. It allows organizations to realize expected business benefits, have cooperative suppliers, avoid disputes, and see delivery satisfaction from both parties. The system also decreases cycle times, stops revenue leakage, and increases visibility and control.

1. CONTRACT MANAGEMENT SYSTEM
For Small Business

2. INTRODUCTION
• Contract management is the process of
managing contract creation, execution and
analysis to maximize operational and financial
performance at an organization, all while
reducing financial risk.
• Contract management proves to be a very time-
consuming element of business, which facilitates
the need for effective and automated contract
management system.

3. Stages of contract management
• Initial requests
• Authoring contracts
• Approving the contract
• Execution of the contract
• Obligation management
• Revisions and amendments.
• Auditing and reporting
• Renewal

4. Elements of successful contract management
When a contract management strategy is successfully
implemented, organizations can expect to see:
 The expected business benefits and financial
returns are being realized
 The supplier is cooperative and responsive to
the organization’s needs
 The organization encounters no contract disputes
or surprises
 The delivery of services is satisfactory to both parties

6.  Contract cycle time decrease
 More deals
 Revenue Leakage stop
 Visibility Increased
 Control and security increased
Benefits of Contract Management System

8. PROCESS OF CONTRACT MANAGEMENT SYSTEM
 Consolidation
 Task automation
 Process efficiency
 Contract Performances

9. Contract Management software can be
used to manage the contact request,
capture the data related contract .
Based on this system we can improve
our business and relations in the
market.

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