What happens to carefully negotiated and drafted contract provisions after contract signing? Contracts are often filed and forgotten after signing. Learn what business clients need in order to transform contracts into useful data, processes and systems. This presentation helps lawyers (outside counsel and in house counsel), paralegals and contract managers advise clients through the entire contract lifecycle.
6. Set automated alerts
Set date driven alerts
• reuse dates data
• SMTP & DB integration
Make alerts global
• expiration
• auto-renewal
• insurance certificates
Set contract specific alerts
• high visibility contracts
• high risk contracts
• high impact contracts
More…
Prevent missed deadlines
Preempt auto-renewals
Improve client contact
Notify clients of milestones
Copyright 2013. All rights reserved.
What?
Why?
How?
14. Keep contracts in
perspective
Report expiration dates
• by category
• by counterparty
Report performance
obligations
Analyze portfolio risk
More…
Evaluate individual v.
collective risk
Measure value of entire
contract portfolio
Identify financial
consequences in portfolio
Copyright 2013. All rights reserved.
What?
Why?
How?