Contract Management: How to Control and Monitor

Prime LIGHT The overwhelming majority of private companies institutions and organizations are providers of some type of service which, in turn, are defined and controlled through contracts of the most diverse types. As the revenue of the business depends on the execution and, most of the times, renewal of contracts, it is essential to have all the information about each one of them in hand to be able to analyze and make good decisions. We have developed a contract control and monitoring worksheet for this purpose and I will demonstrate how it works and can help you below. Registration of Customers, Sellers and Types of Contracts In all contract negotiations you have these 3 parties.

The Contractor Customer the Contract Seller

The agreement (contract). The basics of the basics is to always know who these 3 are in each situation. Therefore, the beginning of this worksheet is the registration of each of the parties. contract management – registration Prime LIGHT 2. Registration of Contracts Using the database of customers, vendors and contract types previously registered, you must register each contract individually. This will be phone numbers in bulgaria  the basis of all your control, analysis and decision making. At that moment, you start to gain time, as you will not record all the information of a contract, but the most relevant ones such as duration, signature date, value and expiration! contract management – launches In that section of the worksheet you start to gain time.

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Instead of Searching Through Hundreds of Pages

Of contracts to find out where each one is, you can analyze the most important information for each contract individually by selecting from a menu. contract management – control 4. Overview In addition to all the convenience of finding the contract quickly with the necessary information, the spreadsheet also has an overview that allows you to make decisions also looking at the general situation of your contracts. contract management – analysis 5. Report for Printing If you wanted to analyze reports in print or send/present to others in the company, the spreadsheet automatically compiles all graphs and print-ready results! contract management – printing  Indicator Panel Finally, you can analyze visual graphs about your current situation.

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