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.

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.

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.

Individual contracts either stand alone or are created in the context of an existing outline agreement and assigned to the outline agreement. A comprehensive classification is available for entering individual contracts. .

With the new DOCM Mega menu, users can reach their desired destination quickly and easily. 

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.