DO THIS
Be an active participant in contract management across the whole contract lifecycle.
NOT THAT
Consider the job complete once the contract has been signed and safely tucked away in your contract repository.
WHY?
Join the convo on LinkedIn!
Currently browsing: WHY THIS NOT THAT™ Contracts
WTNTC_022421
DO THIS
Use your Contract Lifecycle Management (CLM) system to increase supply-chain diversity.
NOT THAT
Limit the use of your CLM system to cost reduction and risk mitigation.
WHY?
Join the convo on LinkedIn!
WTNTC_021721
DO THIS
Encourage your internal partners to work with you to build a business case to support the purchase of a Contract Lifecycle Management (CLM) solution will “improve operational efficiencies, reduce risk, and optimize profits throughout the contract lifecycle.”
NOT THAT
Wait until you find money in budget to invest in a CLM solution
Read moreWTNTC_021021
DO THIS
Consider purchasing and implementing a Contract Lifecycle Management (CLM) system. If you cannot afford one, consider using templates and tools to track contracts and vendor relationships until your organization can.
NOT THAT
Lament the fact that your organization has not yet purchased one and do nothing.
WHY
Join the convo on LinkedIn!
WTNTC_020221
DO THIS
Consider using contract summaries to help push out contract terms to parties within the organization who are responsible for contract compliance.
NOT THAT
Assume after contract execution, some internal partner will extract pertinent contract terms and then forward them to responsible people who will assume responsibility for contract compliance.
WHY
Join the convo on LinkedIn!
WTNTC_01272021
DO THIS
Know your company’s procurement and purchasing processes.
NOT THAT
Assume that these processes are not relevant to the contract review process.
WHY
Join the convo on LinkedIn!
WTNTC_011621
Launching on January 27, 2021!
Stay tuned.
