Ask the expert!

Andy Cay, Management Consultant from State of Flux - leading contract management experts, will be hosting an online webinar on contract management best practices and be available to answer your questions at 3pm on Wednesday 9th December.

This is an online event, which means you don't have to leave the comfort of your own desk!

Places are limited so register today >>

There are 3 key principles that organisations should always remember when managing contracts and determining appropriate activities:

1. Control
2. Visibility, and
3. Compliance

Each of which play an important role in contract administration, identifying value opportunities, managing risk, monitoring performance, supplier relationship management or deciding on the resources required for effective contract management.

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However, not all contracts require the same level of resources, and the foundation that holds these principles together is a robust and flexible contract management solution that can handle very simple needs right through to more complex requirements, assisting managing the contract and the relationship to give value for money and improve performance.

Good contract management ensures you obtain the services as agreed in the contract and that you achieve value for money.

Good contract management software is flexible to respond to the business needs today and of the future.

Implementing a system like framework  provides substantial benefits, including:

• Reduce procurement costs by 2% to 7%
• Improve revenues by 1% to 2%
• Improve overall contract compliance by 50% to 55%
• Improve rebate/discount management by 25% to  30%
• Reduce material/service costs by 2% to 7%
• Reduce contracting cycles by 50%

Source: Aberdeen Group: 1. “The Contract Management Benchmark Report -Procurement Contracts” March 2006   2.  “Contract Optimisation: A Recession-Proof  Strategy for Maximising Performance and Minimising Risks”.

The Ask the Expert event will allow you to pose any questions you have regarding contract management and Andy Cay will advise you on the best methods to proceed.

If you have any questions about the event or framework:
Email: framework@software-europe.co.uk
Call: 01522 881300
Complete this form: http://www.framework-software.com/contact-us-form.html

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The "framework" of contract management

A contract management solution is, by its very nature, designed to make the management of contracts, suppliers and products/services easier. With a fully configurable and intuitive system, like framework users can maximise the control and visibility they have on all contracts.

Click here to read the "framework" of why you would benefit from implementing a contract management system >>

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Reporting with framework

framework provides managers, at all levels, accurate and up to date information on company wide contract and supplier spend.

The easy to use reporting facilities within framework ensure that dynamic management reports can be easily created, accessed and manipulated, allowing management personnel to make better & informed decisions.

framework enables users to create any report required using a simple reporting wizard.

Standard framework reports include:

Example: Report displaying contracts and their value due that that are due to terminate in December and their notice periods.

If you would like to know how framework can help you report on contract data:
Email: framework@software-europe.co.uk
Call: 01522 881300
Complete this form: http://www.framework-software.com/contact-us-form.html

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