EY Contract Lifecycle Management Solution
With rapid globalization and changing business models, contracts are becoming increasingly complex from a commercial, compliance and performance perspective. Organizations must truly be effective in managing contracts across businesses to manage risks, enforce contractual rights, improve compliances, and drive performance.
What EY can do for you
We help you transform end-to-end contract lifecycle management processes and enable businesses to improve risk & compliances, reduce leakages and maximize value from third party relationships.
Our contract management consulting services helps you with:
Contract Lifecycle Management Transformation
EY professionals help clients reimagine their contract management processes and transform their function to meet the needs of their businesses. We help clients end-to-end from the design to the implementation of new and improved contract management processes, operating models, and systems.
Contract Management Automation
The way contract management is performed today will differ significantly from how it is performed tomorrow as automation becomes embedded in the future workforce. We can help you implement a holistic view of automation, process, and service improvement.
Contract risk management
EY professionals help clients improve contract management processes and systems, manage contract terms to achieve their desired outcomes, and improve risk and compliance management.
Contract compliance and leakage reviews
We help you perform an objective assessment of compliance to contractual terms and conditions agreed with your third parties. These reviews cover various aspects of contracts and help clients identify instances of leakages in contracts, over payments to vendors and non-compliances to agreed scope, performance standards and other terms.
Contract discovery and digitization
In today’s digital world, we help clients in key digital and data improvement initiatives that include discovery of legacy contracts, creation of digital contract repository, extraction and enrichment of contract metadata, and legacy contract migration.
Contract Management as a Service
EY Contract Management as a Service (post-contract execution) adopts a holistic approach to identify organizations’ needs and deploy services with deep domain knowledge, analytics, and technology, to help clients achieve desired outcomes from this program.
We can run day-to-day operations on technology platforms and provide enablement support by effectively managing performance and people, and by standardizing processes to ensure continuous improvement.
Contract analytics and insights
Companies are increasingly dependent on collecting, analyzing, and developing insights from contracts and underlying data. We help clients better understand their contracts and integrate them with data across other systems to generate insights for their business.
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