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e-Sourcing - Contract Lifecycle Management (CLM)
Features of e-Sourcing Contract Lifecycle Management (CLM) Modules
- A searchable centralised contract repository
- Contract authoring workflow for collaboration
- Reporting and analytics
- notifications prior to contract renewal
- Templates and standard clauses
- Pre approved contract outlines with...
- Enforcement of mandatory clauses
- Pre-approved alternate clauses
- known relationships between compatable / incompatable clauses
- Roles / Permissions / Security
Benefits of Contract Management
- Templates, standard clauses and pre-configured contract structures:
- ensures lawyers focus on higher value added issues
- speeds up drafting cycle times
- ensures consistency of approach
- reduces risk for the organisation
- Traceability througout throughout the drafting process
- Elimination of automatic contract renewals (evergreen)
- Early warning of contract expiry reduces the risk of working without contracts
- Centralised contract repository
More Information on e-Sourcing
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