Contract Lifecycle Management (CLM) is a buzzword that gets thrown out a lot. In a nutshell, CLM simply means managing contracts between your business, clients, and vendors, while properly reducing financial, legal, and operational risk. Out-House Attorneys' new Ongoing Contract Management (OCM) service is the CLM support you've been looking for.
What Does OCM Include?
With some exceptions, Ongoing Contract Management takes the wheel once a contract has been executed. (For pre-execution help with contracts, see our Contract Overflow Support service).
Once your procurement team has secured a contract, it is passed to the Out-House team where we:
Review the contract
Enter it into our AI-powered contract management software
Ensure that all parties have executed the contract
Track the performance of all contract obligations (e.g. Monthly Reports)
Ensure no documents are missing (e.g. SOWs and Exhibits)
Track key dates (e.g. price escalations, renewal dates)
Refine metadata and tags for immediate search and retrieval
Encrypt the contract files for storage
Audit all outgoing invoices; and
Alert your team when action is required (e.g. Wage Determination Escalations & Equitable Adjustments).
Why Do I Need This?
Have you ever...
Forgotten to invoice a client?
Realized the contract wasn't signed after completing the work?
Had a dispute with a client, but lost the contract?
Well, that doesn't happen when we take care of your contracts. We take care of all of the administration so your team can focus on doing the work and running the business.
Don't pay tens of thousands every year for a Contract Administrator that just files your paperwork. Contact Out-House Attorneys to take advantage of our legal expertise, contract experience, and investment in cutting edge CLM technology.
The information provided on this website does not, and is not intended to, constitute legal advice. Instead, all information, content, and materials available on this site are for general informational purposes only. Information on this website may not constitute the most up-to-date legal or other information. This website contains links to other third-party websites. Such links are only for the convenience of the reader, user or browser.