Effective contract management is a cornerstone of operational efficiency and legal risk mitigation. This toolkit provides a practical framework for legal teams to assess, streamline, and enhance their contract processes. From mapping contract life cycles and clarifying initiation triggers, to introducing self-service options and engaging stakeholders in redesign, understand how legal departments can optimise their workflows with a focus on strategic priorities.
At a glance
- Thoroughly assess current processes: Gain a deep understanding of your existing contract management practices, identifying inefficiencies and strong points.
- Clarify contract initiation and purpose: Evaluate when and why contracts are generated and streamline necessary versus redundant steps.
- Map contract life cycles and types: Define the different pathways and categories of contracts to align with value and complexity levels.
- Optimise with self-service for low-value contracts: Introduce self-service options where appropriate to free up legal resources for strategic tasks.
- Engage stakeholders in process redesign: Involve both legal and non-legal team members in creating new solutions, fostering buy-in and smooth change management.
