Whether medium-sized companies or global groups – both the number as well as the variety of templates and contract documents to be prepared, updated and managed is constantly increasing. Despite this development more than three-quarters of all German businesses, from medium-sized business to international groups, do not use digital and automated contract management.

Due to the high degree of complexity of a comprehensive contract management, there are usually approaches and standalone systems that facilitate the work of individual corporate divisions but usually do not have any interfaces to other corporate functions or IT systems and as such are only useable to a limited extent for the entire company. As a result there are risks due to a lack of transparency and quality and increased costs due to inefficient or a lack of processes.

Are you aware of the following challenges?

• Contracts and templates cannot be found or only be found with difficulty
• High error rate due to a lack of legal expertise and verification processes
• Inefficient updating of contracts and templates
• Lack of reporting and term management
• Lack of communication of contract content
  

Our holistic contract management approach takes on exactly these challenges. Consisting of specific professional advice and legal expertise, extendable via our KPMG contract management system, we offer you an interdisciplinary team of specialists for all your corporate divisions and challenges.

We generally start with a maturity assessment and requirements analysis, accompanied by the coordination and design of core processes and concepts supporting the entire contract life cycle, right through to the selection, configuration and implementation of an IT system. In addition, we support you over the long-term with specialist trainings and design of individual support models.

This results in the following advantages for you:

• Minimising costs due to a transparent contract environment, individual analyses and system-supported and efficient processes in contract preparation and management
• Minimising risks (economic and legal) by way of relying on uniform templates, review processes and audit-proof administration
• Increasing quality by way of standardised processes and harmonised, linked systems along the entire contract life cycle