Managing multiple contracts with varied spend can be time and cost-intensive. With growth, and an increase in suppliers, the need for contract compliance—from the creation of agreements, to requisitioning and generating purchase orders, through to invoicing and payments—increases. The frequency with which obligations must be actively monitored and managed is yet another complicating variable.Contracts are the lifeblood of any business. With regulatory requirements, risk management, and cost control high on executive agendas, many companies are looking for the increased management of contracts for enhanced visibility, control, and performance.
Our team helps organizations effectively develop, negotiate, execute, and manage their contracts with the goals of reducing risk, realizing more revenue, and eliminating duplication and inefficiency.In addition to providing contracting support, we maintain our clients’ contract repository, contract uploading and meta-data entry. Besides, we track renewals and rebates, and manage contract compliance and reporting. As part of our unified procurement software platform, SMART by GEP contract simplifies and automates the entire contracting and contract administration process.
Purpose-built for procurement professionals, SMART by GEP features collaborative authoring, template and clause libraries, alerts and event reminders, repository intelligence, and superior reporting capabilities. SpectrMind offers a wide range of implementation services focused on delivering end user satisfaction. These services are integrated as part of an overall project management plan to help our customer's leadership prepare employees to accept and adopt changes that will improve performance. Our clients include employers/purchasers, funders/lenders, insurers, contractors, subcontractors/works contractors and in-house/client appointed lawyers.
Our diverse experience ranges from small works packages, single-house refurbishment projects and disputed accounts to multimillion pound claims, adjudications and international arbitrations. We operate across all sectors including property, education, sport, water, rail, highways, metros, oil and gas, petrochemicals and power projects and cover civil engineering, infrastructure and buildings contracts.
SpectraMind Contract management Consulting typically consist of :
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