Contract Management

Technology is a critical component of any efficient contract life-cycle management (CLM) system, enabling methodical administration from initiation through award, compliance, renewal or expiration. Yet, with rapid advances in capabilities and a growing array of options, corporations of all sizes struggle to manage its complexities.

QuisLex is expert in assisting clients to build, implement and operate CLM platforms that provide substantial and measurable performance enhancements. We work with leading CLM software providers to install and, as required, help run CLM software architecture that delivers:

• Enterprise-wide secure and shared control of contract documents,
• Quick access to contract content,
• Contract compliance (buy-side and sell-side) to reduce legal risk,
• Maximized revenue from existing contracts,
• Significantly reduced contract cycle times,
• Increased internal and external customer satisfaction,
• Lower procurement costs,
• Reduced operating costs.

QuisLex’ contract management systems range from basic repositories providing simple hosting and organization to end-to-end CLM tools that integrate with ERP systems, manage complex workflows, provide advanced reporting and data analytics capabilities, and maintain clause libraries, templates, and metadata. The implementation costs range from the low tens of thousands to the millions of dollars, excluding the time and resources required for migrating existing contracts into the new system.

So which system is appropriate for you?

We can provide a gap analysis (current vs. desired state) of your contract management architecture to uncover multiple areas of opportunity, help you identify priorities and build an efficient implementation roadmap to enable your transformation.

To learn more, read about some of our success stories.