CONTRACT MANAGEMENT
“ Organisations need to be far more proactive by anticipating change rather than responding to it ”
CHARLIE BROMLEY-GRIFFITHS CORPORATE COUNSEL , CONGA
Complete end-to-end contract management End-to-end contract lifecycle management maximises the value of every contract with tools to automate and standardise processes , lower risk and boost compliance , as well as speed up contract management tasks and improve efficiency . This can only be achieved , though , if organisations have their data in order first . Bromley-Griffiths says : “ It is vital that leaders review their internal structures and unify systems of record to ensure all data is accounted for , flowing between teams . “ Leaders also need to identify and streamline the business processes and implement technology to complement their revenue goals . This can allow departments to focus their time and resources on the more complex , strategic issues . Only after reviewing legacy systems , prioritising key revenue processes , and adopting new solutions in a phased manner will contract intelligence technology provide genuine benefits and improve overall business performance .
68 April 2023