Managing Contracts under Covid-19: What have we learnt?
Author: Tim Cummins
IACCM provides a range of support services that will assist in addressing the issues identified in this report. Managing Contracts under Covid-19: What have we learnt?
Identifying automation tools and systems
The IACCM software comparison tool and guide provides a free-to-use, objective resource that assists organizations to determine their required functionality and to identify the best fit in terms of potential providers. Visit https://www.iaccm.com/resources/contract-management-software/ for details and to access the tool.
Contract standards and benchmarking
IACCM can assist in rapidly reviewing existing contract terms and templates to assist in developing organizational standards. This may include benchmarking against market norms to ensure competitive positioning and simplification to improve understanding and ease of use. Visit https://www.iaccm.com/services/contract-design-and-simplification/ for more information on the services available.
In conjunction with simplification of content, there are many benefits to adopting the latest contract design standards, further enhancing the usability of contracts to reduce time to contract, ease of data extraction and reduction of risk through misunderstanding or misinterpretation. Details of these services are at https://www.iaccm.com/services/contract-design-and-simplification/
Process maturity assessment and benchmarking
The IACCM Capability Maturity Analysis provides a structured and proven approach to designing and delivering a high-performing contract management process, also ranked against industry or market norms. By segmenting data collection and analysis, the assessment ensures that the process remains responsive and adaptive to different forms of relationship and sensitive to changing business conditions. See https://www.iaccm.com/services/contracting-capability-maturity-analysis/
Advisory and consulting services
To the extent that you may require longer-term support, IACCM can assist by making connections with consultancies or advisors who are experts in the field of contract management and systems selection or implementation. IACCM is impartial in providing such links and is not in any way compensated by the consulting organization.
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