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Managing contracts from multiple locations, how can you start today?

Reading time: 18 minutes

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Managing contracts from multiple locations, how can you start today?

Introduction

Perhaps your company has hundreds of contracts spread across offices in London, New York and Shanghai. Perhaps it is about a filing cabinet in Atlanta and a desk drawer in San Francisco. It doesn't matter much in terms of content. Everyone who works in or with a multi-site organization faces the same important questions about Contract Management.

A well-known dilemma: centralized or decentralized?

If you work for an organization with several branches, the day will come when you ask the following question: Should we manage our contracts centralized or decentralized? But that's not the trade-off you should be making. It's much better to look at it per contract. Every contract can have a different way of managing. That has to do with the content of that contract.

Contract Management eBook: Managing contracts from multiple locations, how can you start today?

Cloud Solution is obvious
Who is indirectly involved in the contract
Reading time: 18 minutes

Content eBook

What is the eBook about

Cloud Solution is obvious
Cloud Solution is obvious

The right person gets the right information at the right time, regardless of that person's physical location. To automate this, you need Contract Management software.

"A cloud solution is a must for this; this way everyone can always access the right contract information, the right agreements and the right documents".

Who is indirectly involved in the contract
Who is indirectly involved in the contract

Based on the collected information, a passive stakeholder can implement improvements within the company or organization.

The passive stakeholder also only needs access (more specifically: reading rights) to the contract data that are relevant to him. They are not necessarily located within the same location, business unit or country.

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Identify stakeholders

Identify stakeholders

It is more important to identify stakeholders within and outside your organization based on the contract structure.

Access to the right data

Access to the right data

Stakeholders play an active or passive role in managing contracts and therefore need access to the data relevant to them.

Timely notifications

Timely notifications

But access alone is not enough, you also need a system that sends the right person, at the right time, the right notification. This way you maximize the return (because a grip on agreements) and fun (simpler insight) from your contracts!