contractmanagement

Contract Management Blog by Adam McInnes has moved to http://www.contractmanagementblog.com . There will be no more posts at this old address. Please update your RSS Feeder to http://contractmanagementblog.com/?feed=rss2 . Read Full Story

The reactive nature of contract management, and organizations’ inability to put in place good systems to manage contracts means that you may currently be experiencing some or all of the following slices of contract pain. An inability to invoice match commitments to items billed has a direct impact on the number of suppliers you are currently paying in error. By not effectively managing your obligations and opportunities you may be failing to renew customer contracts and under billing for... Read Full Story

Procurement practitioners, legal counsel, contract managers and commercial managers are all feeling the pain caused by the Contract Management Problem. Organisations expend a great deal of time, money, and effort, on negotiating, drafting and executing agreements every year. Once the contract is signed however, contracts are placed in the bottom drawer of a filing cabinet, and only come out when something goes wrong. By this time it is too late. This is the Contract Management Problem... Read Full Story

So let’s look at Contract Management Software , why it is so important, and what makes up a good system. Contract Management Software is, as the name suggests, software designed to manage contracts. Some vendors call their software contract management software, but it is actually software that is designed to do something else, like manage documents, or workflow. Real contract management software manages contracts. The primary goal of contract management software is to set-up visibility of... Read Full Story

Your legal department is frustrated because they spend a lot of time and effort on negotiating favourable terms and conditions for your organisation, but there is a disconnect between signing the contract and ongoing management of these terms and conditions. The commercial side of the business is not managing the agreed terms effectively or holding suppliers to negotiated rates. The whole contract lifecycle needs to be managed. Read Full Story

Nigel Dalton-Brown of NEC ( Open Windows Reseller) discusses contract management in the current economic climate, it is crucial to manage and upgrade existing systems. Nigel Dalton-Brown looks at the direct financial benefits of contract lifecycle management. Read Full Story

Open Windows has won the contract to provide the Department of Infrastructure, Energy & Resources Tasmania (DIER) with a Contract Life-cycle Management software solution. DIER operates in a largely outsourced environment and has spent over 2 years sourcing a complete agency solution to manage its road construction and maintenance, professional services, bus services and other miscellaneous contracts with these various suppliers.  DIER manages over 700 contracts with an annual value of... Read Full Story

Open Windows, a global leader in providing contract management software and contract lifecycle management services, today announced that the Melbourne Cricket Club (MCC) has licensed and implemented the Open Windows Enterprise Contract Management System . Ivan Dennis, MCC’s Financial & Business Support Analyst was given the task to find a way to centralize their many supplier contracts worth tens of millions and create controls and processes around that data.  The main objective was to... Read Full Story

Define Contracts Software . A software application with which to manage contracts . A tool used by contract managers to assist them in the day to day administration tasks that prevent them from focusing on the real business of contract management, which is people and relationships. Software for contract management. If contract managers are wading through spreadsheets, then they are not managing contracts. They are just administrators. If you are going to pay commercial managers... Read Full Story

In Superman Returns, Lois Lane wrote about Superman after he left, trying to convince herself that she did not need him. In reality the world did need Superman. If we took away the ability to manage contracts and relationships we would be left with a gaping hole in every business and all we could do would be to try and convince ourselves that everything was okay. Everything would not be okay. Everything would not be okay because without contract management suppliers would not be... Read Full Story