SAY GOODBYE TO FORGOTTEN CONTRACTS
We turn contracts into real-time meaningful data that drive lower risk and higher profit
CONTRACT TOOLKIT HAS BEEN DEVELOPED TO:
ASSIST clients in improving their commercial practices
Thus, saving the average 9.2%, the World Commerce and Contracting Association (WCC) has identified as lost through flawed process.
Stop the 9% of profit lost through poor process
through poor process with Contract Toolkit’s contract management software that turns contracts into real-time meaningful data.
promote relational contracting
Enabling a company and its suppliers or customers to work together more cohesively.
Book a 14 day free trial today and find out how much more efficient your team could be!
Contract management is the process of managing contract creation, execution, and analysis to maximise operational and financial performance at an organisation, all while reducing financial risk.
- Contract Toolkit is about stopping the 9.2% of profit the World Commerce and Contracting (formerly IACCM) says is lost through poor process.
- Contract Toolkit is designed to stop those from slipping through your fingers by turning contract information into real-time meaningful data.
- Contract Toolkit also allows you to track key dates and renewals to prevent valuable benefits from expiring before you even realise they’re there.
We can work with one large contract, several or all your contracts.
A whole-world view enables senior managers to target problems and sweet spots alike.
Share one version of truth with your client.
Contract Toolkit turns contracts into real-time meaningful data that drive lower risk and higher profit
An organisation had an entitlement to increase its prices in line with inflation. Unfortunately, the team had not read the Terms; they had only read the Schedules.
Thus, they missed this opportunity.
When highlighted to them, they asked the Customer to increase the prices and backdate the increase. The Customer said no, they would pay the new rates going forward but not in retrospect.
That was a £1million loss to that contract.
How does Contract Toolkit do this?
Our apps seek to provide the answers the top of the organisation requires. We then identify where we can get that information.
The apps also seek to put the correct information into the hands of the individual who can best utilise it.
We break the contract down into individual obligations. Then we enable the crowdsourcing of the tasks. This allows the most appropriate person in either organisation to confirm that commitments are being met. If they identify a problem, they can highlight it. Allowing those with responsibility (contract managers) to meet and discuss a solution. The app allows for this in real-time.
Our apps aim to provide the answers that the top of the organisation needs.
We then identify where we can get that information.
The apps also aim to get the right information into the hands of the individual who can best use it.
We break down the contract into individual obligations.
Then we enable crowdsourcing of tasks.
This allows the most appropriate person in either organisation to confirm that commitments are being met. If they spot a problem, they can highlight it.
Allowing those in charge (contract managers) to meet and discuss a solution in real-time.
Who is Contract Toolkit for?
All organisations that manage complex contracts.
The app provides governance for every obligation of each contract.
The app manages and requests individuals to check that the obligation is being performed.
It reports via dashboards the results. Ensuring no surprises.
Every organization dealing with complex contracts. The app provides governance for every obligation in each contract. The app manages and asks individuals to verify obligations are being fulfilled.
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