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BUSINESS IS PAYING WAY TOO MUCH FOR CONTRACT MANAGMENT



  • On average, approximately 25% to 50%of Contract Management time is spent on administrative type services to include collecting CM meta data, updating data records and preparing reports. 


  • ​Organizations are paying way too much  for CM administrative services and receiving way too little  in relevant reporting, performance metrics, analytics and predictability modeling.  


       REASONS FOR CM INEFFICIENCIES


  1. Lack of single integrated CM System tool                                                         (systems not talking to each other or don't exist)                   
  2. Redundancy of organizational CM support                                                       (overlapping of supporting resources)
  3. Lack of standardized process and procedures                                                (failure to perform support functions consistently)
  4. Non conformity in data collection                                                                     (no uniform method of data collection)
  5. Inability to provide relevant reporting                                                               (inability to collect data)
  6. Lack of CM performance metrics                                                                      (inability to collect, measure and analyze CM performance data)
  7. Improper allocation of CM resources                                                               (highly paid CM staff performing low end CM administrative support services)
  8. Failing to implement CM organizational efficiencies                                      (not leveraging the availabiltiy of CM outsourced CM Administrative support services)





THE ADVANTAGE OF THE CMaaS MODEL:


  • utilization of CMBI Software as single integrated Contract Management platform
  • implementation of standardized processes coupled with CMBI Software
  • dedicated CM personnel passionate to provide administrative support
  • converting contract obligations into requirement tracking and reporting
  • systematic reporting provided in collaboration with organizational demands
  • adherence to service level performance metrics
  • leveraging of low cost economic regions




The Intelligent Approach to Performing Contract Management Administration