Blog Post

Why You Should Evaluate Your Contract Management Process

June 12, 2017

When was the last time you evaluated your contract management process?

Recent geopolitical developments have had a major impact on litigation levels across the globe: year-on-year figures show increasing levels of disputes, with 34% of pending litigation in the USA stemming from contracts and the figure rising to 46% in Canada, 44% in Australia and 43% in the UK. Similarly, the effects of Brexit could have a significant impact on commercial disputes in the future.

As a result, businesses often see their contract portfolio as a risk factor, but as a company’s largest collection of unstructured data, it is primarily a source of opportunities. Every organization has this issue and, in our experience, struggles with how best to tackle it. The key to progression lies firstly in understanding where your company currently stands. Then, the path towards contract management best practice becomes clear.

That’s why we’ve created a practical toolkit that will help you to evaluate your contract process by using the Contract Management Maturity Model as a roadmap. Once you understand where you stand on the “contract journey”, you can use our step-by-step guide to reach the next level.

Contract Management: How to get to the next level

A practical toolkit to derive value from your contracts and climb the Contract Management Maturity Model. Download now

Or you can assess your process right now by downloading our bite-sized infographic. Click here

For more information please contact us.