Contract lifecycle management - digitalised contract management

As a result of globalisation, digitalisation and compliance with contract and country-specific regulations, companies are increasingly confronted with the management of complex contract landscapes and organisations. When setting up a contract management system, they face major challenges such as integrating IT-supported governance, ensuring transparency and guaranteeing active risk management.

Due to the high complexity of holistic contract management, isolated solutions are usually created that facilitate the work of the individual company divisions, but generally have no interfaces to other company functions or IT systems. This results in risks due to a lack of transparency, quality and increased costs due to non-existent or inefficient processes.

• Lack of transparency regarding contractual relationships
• Unpredictability of legal risks and consequences
• Non-compliance with regulatory requirements
• High susceptibility to errors due to lack of contractual expertise and review processes
• Lack of reporting and deadline management

Our contract management approach addresses precisely these challenges while taking your contract management governance into account: The decisive factor here is that contract management is provided holistically, i.e. optimally adapted from the perspective of company processes as well as legal and accounting-related issues and, where possible, integrated into existing IT systems. 

Our consulting begins with the recording and evaluation of your contract management maturity level and the development of recommendations for action. The next step is the design and piloting of optimisation measures through to the selection and implementation of an IT system. Here you can also utilise our KPMG contract management system. Finally, the measures are provided in the form of company-wide CLM governance. Continuous change management promotes the acceptance of these measures.

KPMG's interdisciplinary project teams with proven CLM and IT experts, lawyers, tax advisors and auditors with experience from a large number of national and international projects for the introduction of contract management will be happy to support you with these challenges.

• Risk minimisation and implementation of opportunities contained in contracts (economic and legal) through a transparent contract landscape, standardised contract templates, integration of necessary technical expertise and effective control mechanisms
• Efficiency and quality increase through standardised processes, reduced complexity of the contract landscape, controlled information and communication flows and harmonised, integrated systems along the contract life cycle
• Cost minimisation through system-supported, efficient processes in contract creation and management and reduction of resource expenditure