* Staying on top of contracts with IT contract management software
Improperly managing contracts with your vendors, carriers and outsourcers can cost you big bucks and derail IT deployments. Yet how much time do you have to devote to this critical job? Not every company is fortunate enough to have a dedicated IT contract management department, nor do they need them.
But if your department needs help keeping up with contract management and minimizing risks, perhaps you should consider assistance in the form of IT contract management software. A quick search turned up several all-encompassing contract management products, though I found one that is specifically targeted for technology.
Nextance NexIT – IT Contract Management (https://www.nextance.com/products/contract_management/nexit/) bills itself as a tool for end-to-end management of technology contracts, from vendor management all the way to the termination of contracts. The company says its product gives IT managers all vendor-related data in a centralized respository.
On the other hand, perhaps it’s not another product you need, but a solid strategy and process for tending to vendor relationships. IT business process consulting firm Adaptive I.T. Solutions offers a customer case study on vendor management. The company implemented an IT contract management process that uses two workflows: IT contract management and IT contract administration. You can read the case study and accompanying flow chart at https://www.adaptive-it.com/ver3/Case-VM.PDF
I’m curious – how does your company stay on top of IT contract management? Do you have dedicated IT contract managers and if so, to whom do they report? Or does your company use IT contract management software and if so, what product did you deploy and how does it work for you? Drop me a line.
