{"id":840,"date":"2021-02-02T12:22:04","date_gmt":"2021-02-02T12:22:04","guid":{"rendered":"https:\/\/contractza.be\/blogpost-1\/"},"modified":"2021-04-07T10:04:32","modified_gmt":"2021-04-07T10:04:32","slug":"blogpost-1","status":"publish","type":"post","link":"https:\/\/contractza.be\/en\/blogpost-1\/","title":{"rendered":"Contract management highlighted"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\" id=\"h-wat-is-contractbeheer\">What is contract management?<\/h2>\n\n<p class=\"wp-block-paragraph\">Contract management sounds heavy and vague to many. But what does this mean?<\/p>\n\n<p class=\"wp-block-paragraph\">We will therefore first start with a general definition.<\/p>\n\n<p class=\"wp-block-paragraph\">&#8220;Contract management is <strong>the structured storage and maintenance of contracts and associated information.&#8221;<\/strong><\/p>\n\n<p class=\"wp-block-paragraph\">Contract management is part of <a href=\"https:\/\/contractza.be\/blogpost-2\/?lang=en\">contract management.<\/a><\/p>\n\n<p class=\"wp-block-paragraph\">Its purpose is:<\/p>\n\n<ul class=\"wp-block-list\"><li>Provide the internal organization with sufficient insight into current contracts<\/li><li>Providing the correct contractual agreements and information by keeping appropriate administration.<\/li><\/ul>\n<p class=\"wp-block-paragraph\">Contract management is an important pillar in <strong>reducing risks and making optimal use of certain attributed benefits.<\/strong><strong><\/strong><\/p>\n\n<p class=\"wp-block-paragraph\">It is crucial that information must be <strong>up-to-date and available<\/strong> to all involved and \/ or authorized persons.<\/p>\n\n<p class=\"wp-block-paragraph\">In larger organizations, contract management <strong><a href=\"https:\/\/contractza.be\/blogpost-3\/?lang=en\">relieves purchasers of standard administrative processes.<\/a><\/strong><\/p>\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.betrust.be\/nl\/\" target=\"_blank\" rel=\"noreferrer noopener\">Contract management<\/a> is very time consuming, but that does not outweigh the many benefits it brings.<\/p>\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n<h2 class=\"wp-block-heading\" id=\"h-wat-is-het-verschil-tussen-contractmanagement-en-contractbeheer\">What is the difference between contract management and contract management?<\/h2>\n\n<p class=\"wp-block-paragraph\">Contract management is part of contract management.<\/p>\n\n<p class=\"wp-block-paragraph\">Contract management in turn is part of information management. Powerfully summarized: <strong>the right contract details must be available to the right person at the right time<\/strong>. Contract management ensures that the right information can be found in the right place at the right time and serves <strong>to support the entire <a href=\"https:\/\/oksign.be\/nl\/\" target=\"_blank\" rel=\"noreferrer noopener\">contract management process.<\/a><\/strong><\/p>\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n<h2 class=\"wp-block-heading\" id=\"h-wat-is-het-doel-van-contractbeheer\">What is the purpose of contract management?<\/h2>\n\n<p class=\"wp-block-paragraph\">Sound contract management focuses on 3 major pillars:<\/p>\n\n<ul class=\"wp-block-list\"><li><strong>Closing contracts:<\/strong> making good agreements and reducing uncertainties<\/li><li><strong>Executing the agreement:<\/strong> ensuring the correct performance in accordance with the concluded contract<\/li><li><strong>Terminating contracts:<\/strong> at the best time for the organization<\/li><\/ul>\n<h2 class=\"wp-block-heading\" id=\"h-5-voordelen-van-contractbeheer\">5 benefits of contract management<\/h2>\n\n<h3 class=\"wp-block-heading\" id=\"h-a-digitaal-contractbeheer-alle-informatie-altijd-en-overal-beschikbaar\">a) Digital contract management: all information available anytime and anywhere<\/h3>\n\n<p class=\"wp-block-paragraph\">With every contact with suppliers you have all the information directly at hand. You can grant colleagues access so that they can consult the necessary information. This offers enormous time savings.<\/p>\n\n<h3 class=\"wp-block-heading\" id=\"h-b-contractautorisatie-duidelijkheid-over-wie-wat-mag\">b) Contract authorization: clarity about who is allowed to do what<\/h3>\n\n<p class=\"wp-block-paragraph\">By only confronting errors and exceptions, the internal organization is relieved. Errors such as incorrect indexation are noticed more quickly.<\/p>\n\n<h3 class=\"wp-block-heading\" id=\"h-c-contractmatching-automatische-koppeling-van-terugkerende-betalingen\">c) Contract matching: automatic linking of recurring payments<\/h3>\n\n<p class=\"wp-block-paragraph\">The use of contract matching software ensures that incoming invoices are automatically linked to the contract payment schedule, eliminating the need for approvals from an authorized person.<\/p>\n\n<h3 class=\"wp-block-heading\" id=\"h-d-facturatiebewaking\">d) Billing monitoring<\/h3>\n\n<p class=\"wp-block-paragraph\">For certain items, such as website maintenance, budgets are usually set in advance in large companies. When an invoice for that particular item with a different amount comes up, the system will stop it and at the same time send a notification to an administrator.<\/p>\n\n<h3 class=\"wp-block-heading\" id=\"h-e-contractmanagement-bespaart-geld\">e) Contract management saves money<\/h3>\n\n<p class=\"wp-block-paragraph\">By focusing only on the exceptions, <a href=\"https:\/\/contractza.be\/the-return-on-good-contract-management\/?lang=en\">the internal organization saves a lot of time.<\/a> Since deviations are immediately detected, such as an invoice that was not planned or an invoice with a higher amount than agreed.<\/p>\n\n<p class=\"wp-block-paragraph\">When setting up this process, you are forced to critically approach the subscriptions \/ obligations. In this way, double costs are avoided, you will also be notified in time by means of a notification when a contract is about to be automatically renewed.<\/p>\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n<h2 class=\"wp-block-heading\" id=\"h-meer-weten-over-contractmanagement\">Want to know more about contract management?<\/h2>\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n<p class=\"blogbtn wp-block-paragraph\"><a href=\"https:\/\/contractza.be\/book-demo\/?lang=en\">Request a free demo<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What exactly is that, contract management? General approach to the concept and discussion of the core objectives of contract management in a way that can be understood by all. This makes the added value of applying it clear.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"footnotes":""},"categories":[20],"tags":[],"class_list":["post-840","post","type-post","status-publish","format-standard","hentry","category-blog-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.4 (Yoast SEO v27.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The how and what about contract management - Contractza<\/title>\n<meta name=\"description\" content=\"Contract management is a vague and heavy word, in this blog the difficult concept is further explained in human language.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/contractza.be\/en\/blogpost-1\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Contract management highlighted\" \/>\n<meta property=\"og:description\" content=\"Contract management is a vague and heavy word, in this blog the difficult concept is further explained in human language.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/contractza.be\/en\/blogpost-1\/\" \/>\n<meta property=\"og:site_name\" content=\"Contractza\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-02T12:22:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-04-07T10:04:32+00:00\" \/>\n<meta name=\"author\" content=\"betrustuser\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"betrustuser\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/contractza.be\\\/en\\\/blogpost-1\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/contractza.be\\\/en\\\/blogpost-1\\\/\"},\"author\":{\"name\":\"betrustuser\",\"@id\":\"https:\\\/\\\/contractza.be\\\/en\\\/#\\\/schema\\\/person\\\/b5ae510a667b7a73cc0e7fbf9433723e\"},\"headline\":\"Contract management highlighted\",\"datePublished\":\"2021-02-02T12:22:04+00:00\",\"dateModified\":\"2021-04-07T10:04:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/contractza.be\\\/en\\\/blogpost-1\\\/\"},\"wordCount\":501,\"publisher\":{\"@id\":\"https:\\\/\\\/contractza.be\\\/en\\\/#organization\"},\"articleSection\":[\"Blog\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/contractza.be\\\/en\\\/blogpost-1\\\/\",\"url\":\"https:\\\/\\\/contractza.be\\\/en\\\/blogpost-1\\\/\",\"name\":\"The how and what about contract management - 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