Contract Administration Software Solutions

Solutions
for the Contract Administration Process

Contract Administration - business process

Management of all aspects of the contract life cycle

The Contract Administration process involves management of all aspects of contracts, spanning the entire life cycle from negotiation through final expiration. Effective administration of contracts can directly contribute to risk mitigation, identifying potential opportunities and ultimately increased profitability. Because contracts exist in every functional area of the company (operations, finance, marketing, HR, etc.), centralized administration offers the greatest efficiencies.

Contract Administration Processes and Systems

Processes and systems to efficiently manage contract administration are critical to success. Key elements include:

Avoiding risk / penalties by managing key trigger events
Identifying potential opportunities
Adhering to corporate governance policies (SOX)
More than simply document management (imaging)
Providing a common platform to consolidate key contract terms identified in the contract documents
Analyzing and understanding logical grouping of contracts
Addressing unique requirements to specific industries, such as energy
Facilitating deployment of standardized contract language as approved by legal department

Contract Administration Software Solutions

Quorum has experience in the Contract Administration process in design, implementation and support of configurable, sustainable, scalable information technology solutions to manage business activities efficiently and cost effectively. In addition to consulting services, we provide a full range of software solutions specific to the Contract Administration process, including: