Contract Governance
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Contract Governance
Structured Contract Governance for Risk-Free Partnerships
Ensure Mutual Accountability & Deliverable Adherence
Contract Governance can be defined as to measure the contractual KPI adherence & deliverables of both company & partners (supplier/vendor/channel partner) in a structured manner. Ultimate goal is mutually beneficial association and enhancing the partnership bond.
Why Contract Governance(CG)?
- Built on principle of measure, analyze, improve & sustain
- 360° coverage of service delivery cycle
- CG program is unbiased, transparent, neutral being executed by 3rd party SME
Who should deploy Contract Governance tool?
Large institutions with sizable service delivery partner base engaged on long term commitment.
Developing a new partner is a challenging task, a better way is manage partner relationship with Contract Governance.
Deliverables of Contract Governance
Clearly defines roles and responsibilities, ensuring both the company and suppliers meet their obligations
Regular monitoring of KPIs helps maintain high service quality and efficiency
Identifies potential risks such as non-compliance, delivery failures, or financial losses, allowing proactive action
Helps optimize spending by tracking contract value, preventing overcharges, and ensuring cost-effectiveness
Provides a structured platform for resolving disputes, ensuring smooth operations
Encourages transparency and collaboration, leading to stronger partnerships with suppliers
Helps companies meet legal, industry, and internal compliance requirements, avoiding penalties
Provides data and insights for informed business decisions and contract renegotiations
Helps companies refine supplier agreements, streamline processes, and drive innovation
Ensures that contractual obligations are met, reducing the risk of financial losses and reputational damage
CG program is unbiased, transparent, neutral being executed by 3rd party SME
Contract Governance Life Cycle
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