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5 Powerful Ways to Improve Your Contract ManagementReview Your Current Process and Set Goals. There's a reason why you're currently considering improving your contract management process.Use Templates.Automate.Engage a Contract Management Consultant.Build a Plan to Continuously Review Your Process.
How to get started managing your contracts using Excel1) Identify key fields.2) Identify what you can auto-calculate in your spreadsheet.3) Identify what you'll need to manually add.4) Identify what you'll need to manually update.5) Set up your spreadsheet.More items...?
5 Tips for Effectively Tracking and Monitoring ContractsKnow where your contracts are.Determine what you need to track.Be proactive, not reactive.Keep stakeholders informed.Streamline the process with contract management software.
Four keys to developing and implementing a new contract management systemAssess the current state of contract management.Get sponsorship from senior leadership.Engage internal business partners.Strategically manage the process by engaging the people.
Here are 6 strategies for effective contract management.Do a Background Check.Establish Points of Contact.Establish the Contract Lifecycle.Agree on Review Process.Outline Consequences of Delays.Step Back, Document, and Evaluate.Takeaway.