The Contract Management Capability Assessment The Contract Management Capability Assessment These 10

The Contract Management Capability Assessment The Contract Management Capability Assessment These 10

  • View
    3

  • Download
    0

Embed Size (px)

Text of The Contract Management Capability Assessment The Contract Management Capability Assessment These 10

  • The Icertis Contract Management Maturity Model is a tool you can use to evaluate your organization’s contract management capability. As you advance through the early stages, you’ll experience dramatic improvements in efficiency and the ability to manage risk. At the highest stage, you’ll have the power to identify areas for growth and operational excellence across the enterprise.

    The Contract Management Capability Assessment

    These 10 key questions will help to determine your current stage

    Are you getting the full value from your contract management system?

    Basic 0-1 pt | Advanced 2-4 pts | Automated 5-6 pts Integrated 7-8 pts | Optimized 9-10 pts

    THE FIVE STAGES OF CONTRACT MANAGEMENT CAPABILITIES

    1. Can you track version history automatically for purposes of an audit?

    2. Are you satisfied with the cross-department collaboration in contract authoring and negotiation?

    3. Can you accurately measure contract turnaround time and identify areas to improve velocity?

    4. Do you know who currently has any given contract?

    5. Is your contract management system exchange data with ERP, Sourcing, Procurement, CRM, CPQ, PLM, Project Management, Service and Document Management solutions?

    6. Can you easily modify your contract management system to accommodate new workflows?

    7. Do you have a holistic view of the inter-dependencies between contracts?

    8. Can you perform deviation analysis on 3rd party paper?

    9. Does your contract management system support multiple languages, and allow you to accommodate variations in workflow, rules and templates based on regional needs?

    10. Does your contract management system allow you to approve, edit, execute and store all your contracts and agreements, both buy-side and sell-side, covering all phases of the process?

    Based on the Contract Lifecycle Value Realization maturity model, as featured in the report, “The Forrester Wave™: Contract Life-Cycle Management.”

    For a detailed analysis of the capabilities of your current contract management systemcall xxxx at xxx-xxx-xxxx or email xxx.

    YES NO

    WHERE YOU ARE NOW.

    YOUR CURRENT STAGE

    TO ACHIEVE THAT GOAL,

    YOU’LL NEED TO START WITH AN

    HONEST ASSESSMENT OF

    Your score

    Learn more

    CURRENT CAPABILITIES

    Contracts are created using spreadsheets or word documents, and stored in one or more simple repositories across the enterprise.

    COMMON ISSUES EXPERIENCED BY COMPANIES AT THIS STAGE

    Contract management is a 100% manual process. Lacking standardization or any kind of meaningful controls, the system wastes time, money and resources, while exposing the enterprise to unnecessary risk.

    UPGRADE TO THE NEXT STAGE TO ACHIEVE THESE BENEFITS

    Add search and other functionalities to benefit from improved efficiencies.

    BASIC CURRENT CAPABILITIES

    Contracts are created using spreadsheets or word documents, and stored in one or more simple repositories across the enterprise.

    COMMON ISSUES EXPERIENCED BY COMPANIES AT THIS STAGE

    Contract management is a 100% manual process. Lacking standardization or any kind of meaningful controls, the system wastes time, money and resources, while exposing the enterprise to unnecessary risk.

    UPGRADE TO THE NEXT STAGE TO ACHIEVE THESE BENEFITS

    Add search and other functionalities to benefit from improved efficiencies.

    BASIC CURRENT CAPABILITIES

    Ability to identify duplicates, conflicts, obligations and rights with reports that are tied to transaction systems.

    COMMON ISSUES EXPERIENCED BY COMPANIES AT THIS STAGE

    Although some controls are in place, the contract management process isn’t fully automated across all the steps, from authoring to optimization.

    UPGRADE TO THE NEXT STAGE TO ACHIEVE THESE BENEFITS

    Add automation features to improve usability and realize significant productivity gains.

    ADVANCED CURRENT CAPABILITIES

    Ability to identify duplicates, conflicts, obligations and rights with reports that are tied to transaction systems.

    COMMON ISSUES EXPERIENCED BY COMPANIES AT THIS STAGE

    Although some controls are in place, the contract management process isn’t fully automated across all the steps, from authoring to optimization.

    UPGRADE TO THE NEXT STAGE TO ACHIEVE THESE BENEFITS

    Add automation features to improve usability and realize significant productivity gains.

    ADVANCED CURRENT CAPABILITIES

    Ability to identify duplicates, conflicts, obligations and rights with reports that are tied to transaction systems.

    COMMON ISSUES EXPERIENCED BY COMPANIES AT THIS STAGE

    Although some controls are in place, the contract management process isn’t fully automated across all the steps, from authoring to optimization.

    UPGRADE TO THE NEXT STAGE TO ACHIEVE THESE BENEFITS

    Add automation features to improve usability and realize significant productivity gains.

    ADVANCED CURRENT CAPABILITIES

    Simple workflow controls provide an ability to author contracts in compliance with legal standards and corporate guidelines.

    COMMON ISSUES EXPERIENCED BY COMPANIES AT THIS STAGE

    Limited integration restricts the visibility into the process, making it difficult to identify areas for improvement.

    UPGRADE TO THE NEXT STAGE TO ACHIEVE THESE BENEFITS

    Add detailed analytics to gain insights into every aspect of contract performance, make informed decisions and identify areas for improvement.

    AUTOMATED CURRENT CAPABILITIES

    Simple workflow controls provide an ability to author contracts in compliance with legal standards and corporate guidelines.

    COMMON ISSUES EXPERIENCED BY COMPANIES AT THIS STAGE

    Limited integration restricts the visibility into the process, making it difficult to identify areas for improvement.

    UPGRADE TO THE NEXT STAGE TO ACHIEVE THESE BENEFITS

    Add detailed analytics to gain insights into every aspect of contract performance, make informed decisions and identify areas for improvement.

    AUTOMATED CURRENT CAPABILITIES

    More complete and effective compliance controls with contractual benefits and commitments.

    COMMON ISSUES EXPERIENCED BY COMPANIES AT THIS STAGE

    Though the functionality is robust, the contract management system doesn’t scale across the entire global enterprise.

    UPGRADE TO THE NEXT STAGE TO ACHIEVE THESE BENEFITS

    Add the ability to adapt to changing business conditions, and receive the maximum business value from every contractual relationship.

    INTEGRATED CURRENT CAPABILITIES

    More complete and effective compliance controls with contractual benefits and commitments.

    COMMON ISSUES EXPERIENCED BY COMPANIES AT THIS STAGE

    Though the functionality is robust, the contract management system doesn’t scale across the entire global enterprise.

    UPGRADE TO THE NEXT STAGE TO ACHIEVE THESE BENEFITS

    Add the ability to adapt to changing business conditions, and receive the maximum business value from every contractual relationship.

    INTEGRATED IT LOOKS LIKE YOU’RE ALREADY AN ICERTIS CUSTOMER WITH

    • Full visibility and control over the entire process, from authoring and renewals to administration and optimization.

    • Full integration into supply chain and revenue management systems, with ability to make changes easily.

    • Able to manage any type of contract, anywhere in the world, from one platform.

    OPTIMIZED IT LOOKS LIKE YOU’RE ALREADY AN ICERTIS CUSTOMER WITH

    • Full visibility and control over the entire process, from authoring and renewals to administration and optimization.

    • Full integration into supply chain and revenue management systems, with ability to make changes easily.

    • Able to manage any type of contract, anywhere in the world, from one platform.

    OPTIMIZED

    http://www.icertis.com

    question 1aa: 0 question 2a: 0 question 3a: 0 question 4a: 0 question 5a: 0 question 9a: 0 question 7a: 0 question 8a: 0 question 6a: 0 question 10a: 0 p22-calculate: 0