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Contract Management Solution l Monitor

With hundreds, even thousands of contracts to handle – agreements often not centrally maintained – many organizations simply do not have the structure and resultant visibility to manage this important cornerstone of true strategic sourcing.

This can lead to a myriad of challenges including inconsistency in agreements, suboptimal ability to capitalize on existing agreements and consolidate to drive cost savings, and the inability to effectively manage vendor Service Level Agreements (SLAs) and Key Performance Indicators (KPIs) as well as other important contract terms. The JVKellyGroup Contract Management Solution is just that…a solution to these problems.

JVKellyGroup Contract Management Solution provides end-to end contract life-cycle management in a hosted model to allow for rapid implementation and deployment with no internal clients’ IT footprint. From contract creation through expiration, a full set of features helps ensure accurate management and oversight of your most important agreements. This scalable solution includes a hybrid of professional services and technology:

Professional Services:

Contract Collection: Contracts in all formats – paper, electronic, multiple systems – are aggregated and converted into searchable PDF files.
Contract Review: Contracts are scanned, reviewed and appended with relevant data points by Subject Matter Experts.
Implementation: Rollout and adoption of the contract management solution within the organization.

Functionality:

Query and Export: Search functionality using pre-defined and user-defined fields. Full ability to export data.
Security: Full compliance with internal IT security standards. Additional role-based permission / credentials will ensure users see only what they are allowed to see.
Training: Video training modules built in to the tool to allow for quick, easy and on-going education of current and new employees.

The Contract Management Solution is further enhanced with modules including:

Vendor Management Module – Create true business intelligence by applying third party data to your internal information. JVKellyGroup can combine multiple streams of information to gain better visibility into suppliers’ performance and health.

Reporting Module – JVKellyGroup’s Reporting Module provides a clear visual representation of real time changes in the contract landscape and highlights key metrics. Reporting Dashboards are fully “customizable” to each client’s specifications and allows multiple views within a user friendly interface.

Workflow Module – Ensure efficient and accurate execution of agreements. The Workflow Module allows organizations to automate the contracting process from creation through execution.

White Paper

Four Steps to Supplier Risk Management

"Supplier risk management is not a new concept; however, the type of risk that can affect the supply chain and the way in which these risks are managed and mitigated has evolved significantly. The need for proactive and predictive management strategies is ever present in business today."