Contract Management
At InTeam Consulting (ITC), we understand the long term success and growth of your business depends on careful planning, execution and control; and formal closure of critical contracts.
We will leverage more than 38 years’ experience to help you:
- Identify and engage a contract champion
- Conduct a needs assessment, understand expected outcome, who will benefit
- Identify and negotiate key business requirements
- Review and identify gaps between supplier agreement and commitment to your customer
- Engage your corporate legal team to ensure alignment to corporate contract standards, terms and conditions
- Ensure endorsement is aligned with corporate authorization plan
- Review or establish check points for go/no go decision
- Ensure contracts are accessible and stored in a secured facility
- Verify the key contract stakeholders
- Verify financial assessment is completed and approved accordingly
- Ensure alignment to the product portfolio, service delivery and service management teams
- Ensure awareness regarding any custom development, special support requirements, additional costs
- Ensure your team is able to deliver on the customer commitments leveraging internal or external suppliers
- Ensure your team is aware of any risks, Service Level Objective or Agreement (SLO/SLA) items, potential penalties
- Ensure your team has a contingency plan in place, or acceptance of risks
- Monitor, manage and report on costs (check points)
- Ensure clear understanding of billing (how much, who, frequency, dispute handling)
- Plan for tracking and renewal at competitive rate and term to best suit your business needs
- Monitor agreements and plan for formal notification regarding renewal or termination according to the terms and conditions
Existing Contracts
At ITC, we can review and assist with your existing contracts. We will leverage our experience to help you
- Assess formal agreements in place
- Assess current status of any agreements
- Determine if on plan regarding deliverables, timing, benefits
- Engage your account manager, product, marketing, legal, regulatory, contract administration, senior management, credit & collections teams or other as appropriate
- Review risk management plan, costs for early termination
- Negotiate terms of release. and any penalties
- Provide notification for contract renewal or termination
- Administrative renewal or closure