Contract Lifecycle Management Consulting

Maximize the value of your contracts

Overview

Accelerate the pace of business

Reduce risk

Mitigate exposure

Contract lifecycle management that fits your needs

Effective contract lifecycle management (CLM)—from request to post-execution management—can help reduce risk, maximize value and increase the velocity of business. Yet with stakeholders in multiple business functions across the enterprise and contract volumes for many organizations reaching into tens or even hundreds of thousands of documents annually, optimizing this critical area of business operations can be a daunting prospect.

Consilio’s experienced team can help. We work with all the stakeholders across your organization— including legal, sales, procurement, finance, operations and compliance—to evaluate your current processes and systems, gather and analyze your requirements, and build a contract management process that best fits your needs.

Turn Contracts into Usable Business Intelligence

A successful CLM environment doesn't simply store contracts. It helps organisations understand them.

Structuring contract information can give Legal and the wider business greater visibility into key terms, obligations, renewal dates, commercial commitments and potential exposure.

Consilio helps organisations improve the quality and accessibility of contract data so that teams can:
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Identify and manage contractual obligations
Monitor renewals and key dates
Understand important commercial and legal terms
Identify inconsistencies and potential risk

Improve reporting across the contract estate
Use historical contracting data to inform future negotiation and decision-making

This creates an opportunity to move from simply managing contracts to using contract information to support better business decisions.

Solutions that overcome unique challenges

Consilio has worked with hundreds of law departments around the world and we leverage our best practices, benchmarking data and department assessments to customize processes and solutions that overcome our clients' unique challenges. Our core offerings include:

Strategic Assessment & Advice

Our team relies on stakeholder interviews, industry best practices, current and future business goals, and existing people, processes, technology and workflows to identify gaps and opportunities for improvement.

Client-Focused Process Improvement

We design contract request, review and execution processes that meet the needs of your internal business clients, eliminating delays and inefficiencies.

Contract Management System Selection & Implementation

With our knowledge of contract management solutions and relationships with their suppliers, we help identify the solutions that best align with your goals, make informed choices, accelerate implementation and maximize the likelihood of an optimal outcome—and positive ROI—for all your stakeholders.

Contract Discovery, Review & Analytics

Using leading technology and our global document review capabilities, legacy contracts can be located, triaged, searched and reviewed, allowing you to identify and renegotiate underperforming contracts or expose areas of liability.

Cost Recovery

Our experts can conduct a thorough review of your existing contracts and help identify areas where contract terms are not being met, enabling you to increase revenue or to mitigate exposure arising from a failure to satisfy an obligation.

Template Optimization

Our team reviews your existing template library and makes recommendations that accelerate the pace of business and mitigate exposure.

Obligations Management

We monitor terms and conditions to encourage proactive renewal and identify exposure.

Managed Services

Our team can develop, implement and manage your entire contract management process, tailored to the unique needs of your organization.

Case Study

Post-Merger Due Diligence

The Issue

Consilio was engaged to identify and summarize contracts in connection with the pre-merger due diligence of two global companies.

Approach

Our team developed a process and workflow to facilitate the review and classification of over 7,000 contracts from 12 different countries across the Americas, Europe, and Asia. We then provided attorneys with the requisite multilingual skills and certifications to review the materials and conceptually identify key clauses.

Result

Our work resulted in a comprehensive database of contract intelligence used by all lines of business, legal and procurement to restate the necessary agreements to facilitate legal and regulatory review and the transition to the new business.

Reduce risk, increase value

“We knew we needed a better process to manage our contracts, but didn’t know which software was the best one for us. Your help in selecting the right solution and getting us up and running was invaluable.”

VP Compliance

Fortune 100 Company