A modern contract management should guarantee a centralization of all company contracts for all relevant groups with regard to the completeness of the information and its evaluation. It should guarantee the confidentiality of the information related to the company parts / departments.

Contracts must be checked legally and technically as part of a company-wide contract management process. For this purpose, possible risks must be identified and evaluated in each phase of the contract life cycle.

With a DOCM organization overview, you can easily get a quick overview. You can also create a company overview according to other criteria such as country locations, etc.

According to the Gartner Group, 60% of all supplier contracts automatically renew without the buyer's knowledge, mainly because the buyer fails to terminate the contract. Even more astonishing is the fact that 50% of the contracts are renewed several times without the buyer's knowledge (Forbes, Gardner group).

A laissez-faire attitude towards contract management can have serious financial consequences, as automatic contract renewals often involve more expensive terms and late terminations can lead to litigation and damage. Contracts are not documents to "sign and file", they are rather living documents that are subject to real events / changes.

By subdividing the contract costs into "fixed costs" and "imputed costs" and "one-off costs", different payment models of the contracts, such as maintenance and purchase contracts, can be mapped.

ABOUT US - BPEX "We are the consultant in the field of Digital Processes. Our team combines many years of experience as consultants for system management tasks and developers of complex process automation tools. If you are interested in DOCM and need support in the area of contract management, we will be happy to assist you as consultants. With us, you receive the DOCM software solution as well as the service from a single source. This means that implementation is straightforward, and if you have any open questions, simply get in touch with us.