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Visit our resource library for industry best practice tips and for case studies on how our software has helped clients in your industry.
Policy management resources, best practices articles, guides and how-to's can help optimize your processes.
Contract management resources, articles, guides and how-tos can help you improve efficiency.
Resources, best practices, articles, guides, and how-tos to effectively manage incidents.
Articles and guides on conflict of interest disclosure on how to properly handle potential conflicts.
Strategies on building frameworks for managing risks and staying up to date with regulatory developments.
How much is the contract worth? How much value does your business gain from that contract? Most importantly, are those two numbers the same or similar?
A contract doesn’t just outline the negotiated details between you and a vendor; the contract details and fulfillment of the agreement determine the success and survival of your business relationship with a vendor.
It’s important then to be able to analyze the value of the contract to determine the health and continuation of the relationship. Do you have a system for evaluating a contract’s value, particularly one that’s up for renewal?
A few key questions to consider:
Answering all of these questions requires an in-depth analysis of the contract and vendor relationship. A contract management system, such as ConvergePoint’s Contract Management Software, can help expedite the process and save you money with its renewal management tool:
If your current contract management process is bogged down in inefficiencies, leaving you unable to evaluate your vendors and contracts’ values (and at the mercy of auto-renewing contracts), consider revamping your contract management system. To get you started, take a look at the step-by-step, How-to Guide, which looks at your current processes’ challenges and opportunities, and walks you through laying the groundwork for a more efficient system.
After investing time and resources creating these policies, make sure employees read, understand and apply them to their daily job responsibilities! How? Read the Guide on How to Ensure Employee Accountability & Compliance through Effective Policy Management.
Manage employee and teacher contracts, sponsorship deals, city and state regulations, and partnerships.
Manage supplier and vendor contracts, employee and staff contracts, distribution contracts, and facility leasing and ownership contracts.
Comply with HIPAA, HITECH, ICD 9, ICD 10, and FDR CFR regulations for contract management, and handle active directory contracts for your organization.
Comply with SEC, FDIC, FINRA, OCC, CFTC, and Federal Reserve regulations on contracts, handle employee contracts, and partnership deals.
Create and manage employee contracts, improve organizational transparency, reduce risk factors, and mitigate lawsuits.
Abide by local, regional, state and federal regulations, manage contractor information, develop third-party outsourced contracts, and handle facility agreements.
Comply with FAA, DOT, FMCSA, FRA and FTA regulations for contracts, outline contracts for drivers and vendors, and reduce potential risks.
Visit our resource library for industry best practice tips and for case studies on how our software has helped clients in your industry.