Contract Administration

The systematic planning for and development of a new Contract. Often used interchangeably with CLM, however Contract Administration is a separate set of activities. 

Those responsible for Contract Administration vs Contract Management will be responsible for: 

• Setting up the contract
• Gathering information about suppliers and stakeholders
• Routing the contract for approval
• Extracting all key information
• Keeping all information up-to-date
• Granting access to the contract and certain information

Contract Management Software automates the manual work associated with contract administration, giving teams back their valuable time while improving accuracy.

See how using Gatekeeper can help you to cut contract admin and save a working day a week. Watch the webinar below.