Module: Contract Management System

Managing Contract Risk Is A Business Imperative

Failing to manage risk jeopardizes compliance, profitability, and ultimately, the future of the organization. At the heart of risk management is the process of methodically and efficiently managing corporate contracts from initial negotiation, authoring, and collaboration through compliance and performance management.

Do you recognize these challenges?

  • Traditional processes result in increased costs, increased risk and lost rebates
  • Not benefiting from the power of collaborative creation and management throughout the contract lifecycle
  • Non-integrated communications result in lost or wasted time and increased productivity costs
  • Hindered by the inability to quickly access contract and agreement data
  • The lack of an easily accessible, reliable centralized repository of contract data
  • A lack of full control over your contract obligations such as dates, events, commitments and payments

EC Sourcing Contract Management Solutions improve operational efficiency, maximize productivity and reduce administrative costs – plus, they are easy to learn and use.

Our comprehensive contract management system allows you to:

  • Automate and streamline the entire contract lifecycle
  • Reduce contract management time and simplify administration
  • Effectively negotiate, manage and track all types of contracts and business agreements
  • Make better management decisions with improved analysis tools and reports
  • Ensure contract consistency and compliance with more accurate records by tracking all modifications to contract data
  • Assure contract obligations are met on time with proactive alerts, and tracking of key dates, events, commitments, fee schedules, and payments
  • Centralize a contract repository so that you can access contract and agreement data quickly, easily and reliably across the enterprise

Related Articles:

Sourcing 101 – How Will a Strategic Contract Management System Help Your Bottom Line and Control Risk?

It is quite surprising to learn how many organizations don’t have a strategic contract management system in place. Without a system these organizations are creating unnecessary risk and potentially jeopardizing their future. Conceptually these systems are a “no...
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Planning and Sourcing Challenges for Chief Procurement Officers in Contract Management

It is no secret that CPOs want to drive positive change in their organizations. One of the things that can hold an organization back is the current systems in place for supplier contract management. Last week I wrote about tracking expected savings in key spend...
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Feedback:

FlexRFP is the solution I wish I found sooner and we immediately realized efficiencies. The newfound productivity is becoming a strategic focus as leverage to win business in my department as well as the organization. Furthermore, the transition of our old quoting system was nearly flawless with the service and support of EC Sourcing as a whole. All in all, a great company to start a partnership with.

Joe C

General Cable

My feedback is this… I have been in wireless for 12 years and this is the best RFI/RFP process that I have experienced, streamlined, concise, and easy to understand. This is coming from someone who has worked in executive level corporate offices for other tower companies and providers. Nice job, please pass along my compliments.

Paul Clewell

Vice President , Albion Scaccia Enterprises

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