Quorum Business Solutions Inc
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Over the past 11 years, Quorum has demonstrated a track record of successfully deploying efficient, cost effective solutions that help companies meet performance goals.

 

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:
     
     

    Quorum Enterprise-wide Software Portfolio for Contract Administration process

                                           
        E&P     Midstream   Pipeline   LNG   LDC Renewable Energy   Natural Resource   Energy Marketing
                                         
    Contract Admin  

    Contract Management (enterprise-wide)

                                           
    Reporting & Business Intelligence   Multi Dimensional Reporting & Business Intelligence (BI) Solution