Contract Management
Description
Creates, executes, and monitors supplier contracts to ensure compliance with agreed commercial terms. This capability provides a complete record of contractual obligations, automates renewal and milestone alerts, and enables proactive management of contract performance to reduce commercial risk and maximise value realisation.
Key Activities
- Contract authoring and approval
- Obligation tracking
- Renewal management
- Contract performance monitoring
Enabling Systems
- Contract lifecycle management (CLM) systems
- Legal document management
- e-signature platforms