Another fact that needs to be considered is the operational influence of the contract manager in a company. For example, the definition of the degree of authority and responsibility that contract managers must assume to modify contracts or define their role for more strategic purposes, close to the company`s general policy and business strategy. They ensure that good market management deteriorates due to poor contract management and that poor procurement management can be restored through proper and optimized contract management. The field of work and the responsibility of a contract manager are among the largest and most complex. According to studies, between 60 and 80% of all commercial transactions are governed, in one way or another, by contracts or agreements, particularly in the fields of finance, IT, legal services, procurement, distribution, exploitation and human resources. The professional profile of the contract manager has, among other things, the negotiation of terms and conditions in contracts with customers, suppliers, partners or employees, as well as compliance with terms and conditions, as well as documentation and agreement of any changes that may occur during the year or execution. Results: 35. You guessed it: 35. Response time: 69 ms. Managing and identifying valuable information in contracts becomes a real challenge, a challenge that must achieve and plan the number of contract managers below their objectives.
In addition to transparency and cooperation with the other party for the discussion and negotiation of clauses and key factors for a better contractual relationship for each party. Contract managers are often increasingly involved in developing procurement strategies that support business and market strategy. After the conclusion of the contract, the preparation of a post-contract analysis may be the last step in the effective management of the contracts. It will assess the benefits, their possible improvement, the possibility of reducing risks and costs. After implementation, this analysis is stored as a report and used as a reference for improving any other management of the contractual life cycle. In recent years, the functional role of the contract manager has entered the organization chart of large companies. But why does this new role appear? Contract management is the process of managing contract development, execution and analysis to maximize a company`s operational and financial performance while reducing financial risk. The need for effective management of the contractual life cycle has been highlighted in recent years. From pre-contract activities to the termination of the contract, the operational context and the influence of the contract manager make it an important part of the future of corporate governance. Contracts are an integral part of all business relationships.
With the growth and development of a company, the number of contracts increases and evolves exponentially, increasing its complexity and the constant need to modify and study alternatives. Therefore, the number of contracts is the true basis on which the contract manager`s professional must demonstrate his skills and experience. Most functions refer to the contract itself and the entire scenario between contract development: contracts dictate all aspects of business strategies and important relationships.