Webinar on Contract Management

When two companies wish to do business with each other, a contract specifies the activities entered into by both organizations and the terms through which they will each fulfill their parts of the agreement. In short this is the process of managing contract creation, execution and analysis to maximize the performance.
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Most of the professionals refer contract management as post award activity. Successful contract management, however, is most effective if upstream or pre-award activities are properly carried out. Organizations encounter an ever-increasing amount of pressure to reduce costs and improve company performance. Contract management proves to be a very time-consuming element of business, which facilitates the need for effective and automated contract management system.