Eliminate risks with good contract management

In most organisations, at least 50% – and in some cases up to 80% – of spend is under contract. But all too often, there is little in the way of formal contract management arrangements, and contracts are filed in multiple locations with no central view.

There are a number of risks with such informal arrangements. It's estimated that up to 75% of the savings achieved by sourcing exercises are lost within the first 18 months without robust contract management arrangements, while off-contract spend goes unchallenged. It also leaves the organisation open to risks of service delivery failure and fails to generate the additional value that comes from strong supplier relationships.

How we support you

We have supported a number of financial services clients in assessing and mitigating risks within their existing contracts. Following this we then reengineered the contracting model to provide future maximum value.

We can support good contract management in a number of ways:

How it works

We work with organisations to harness existing contract management activity and build on it to create governance and management processes that are tailored and effective.

Our audit and review process then puts in place the foundations for continuous delivery of improvement and savings.

Contract management process - procurement cycle

Let us help you eliminate risks

How can we help your organisation progress?

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