What is Contract Management?
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- Опубликовано: 13 дек 2023
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GATEKEEPER'S GUIDE TO VENDOR LIFECYCLE MANAGEMENT
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Discover the essential strategies for effective Contract Lifecycle Management (CLM) and learn how to prevent an estimated 8.6% value loss in contracts due to poor management. Our comprehensive guide delves into the intricacies of contract management, from creation to enforcement, ensuring you grasp the full scope of CLM.
🔍 What You Will Learn:
The Basics of Contract Management: Understand the complete process covering contract creation, negotiation, management, monitoring, and enforcement.
Preventing Contract Erosion: Strategies to avoid common pitfalls in contract management and safeguard your contracts' value.
Stages of Contract Management: Insights into pre-signature and post-signature stages, including key activities for success.
Contract Management Process Explained: A step-by-step walkthrough of the entire contract management process, from request to renewal or termination.
🌟 Why a VCLM Platform?
Restoring Visibility: Learn how centralising contract and vendor data management enhances visibility and involvement across departments.
Taking Control: Discover the benefits of standardising the contract lifecycle, reducing legal risks, and boosting operational efficiency.
Safeguarding Compliance: Understand how platforms like Gatekeeper proactively monitor compliance, manage SLAs, and provide an audit trail.
🛠️ Key Takeaways:
CLM is not just a process; it's foundational for effective commercial relationships.
Better compliance, risk mitigation, and operational efficiency are achievable through adept CLM and VCLM practices.
How using a VCLM platform like Gatekeeper can revolutionise your approach to contract and vendor management.
What aspect to chose vendor to give it contract?