How digitalised contract management creates value

Contracts have long been more than just legal formalities. They form the backbone for regulatory security, operational stability and sustainable growth. Nevertheless, contract management is often seen as a mandatory administrative task in many companies. However, our white paper shows that those who actively manage and digitally transform contracts not only gain efficiency, but can also secure decisive competitive advantages.

Contracts regulate almost all of a company's income and a large proportion of its expenditure. However, their strategic importance is often underestimated. Fragmented responsibilities, a lack of transparency and outdated systems slow down development. The weaknesses of reactive contract management become particularly apparent during restructuring, mergers or ESG initiatives. Integrated, digital management, on the other hand, creates control, transparency and long-term reliability.

Automation, AI and digital analysis tools are revolutionising the way contracts are created, monitored and used. Data-based processes are replacing manual procedures. This gives companies a better overview of potential risks, upcoming obligations and emerging opportunities. Decisions can be made more quickly and on a more informed basis. The transition from reactive to proactive contract management begins with the integration of these technologies into existing structures.

Contracts affect all areas of the company - from purchasing to HR to sales. Nevertheless, there is often a lack of standardised management. An effective management approach is only created when legal, commercial and operational perspectives are dovetailed. This requires responsibility, processes and systems to be harmonised - ideally on the basis of a company-wide contract lifecycle management system.

Modern contract management not only takes economic aspects into account, but also environmental and social factors. ESG requirements can be integrated directly into contract templates and processes using digital systems. At the same time, centralised platforms enable better collaboration with suppliers and customers. Contract management thus becomes an active instrument for corporate responsibility and partnership-based action along the entire value chain.

Read our white paper now and find out how digitalised contract management can be actively designed and what steps your company can take to achieve this.