Contract Management

Professionalize the work with contract management by focusing on the contract’s health and sustainability level.

Tellis Contract Management

The solution includes comprehensive options for risk, obligation, and resource management. Contract segmentation and risk management are among the most important parameters for ensuring the direct financial benefits associated with increased focus on contract management. In the solution, contracts can be segmented based on risk parameters defined by the customer to ensure focus on those contracts with the highest risk. Action plans can be attached with automated processes and a structured approach to monitoring the contract and its deliverables. This provides the organization with a common basis for working with contracts across the supplier portfolio.

Risk and Resource Management • Contract Templates • GDPR Register
Sustainability Measurement • Health Measurement

“A tailored and robust contract management system reduces costs, increases efficiency, minimizes risks, and provides significant competitive advantages.”

Compliance and Risk Management

When contract management is digitized, it frees up valuable time and resources while ensuring that the contract portfolio is well-managed, particularly concerning risk factors.

This helps strengthen relationships with suppliers, as ongoing follow-up provides the best foundation for a long-lasting and mutually beneficial collaboration.

Compliance, in the form of monitoring and adherence to applicable legislation, will create a management anchor and greater opportunities for innovation when the contract landscape is clear and transparent.

SEGMENTATION

Do you have control over the risk profile of your contracts? Elements such as delivery reliability, supplier dependency, political risk, and an overview of contract expirations can be crucial for maintaining a realistic perspective. The system can be utilized to segment each contract and provide a comprehensive risk overview of the entire contract portfolio.

SUSTAINABILITY MEASUREMENT

Evaluate your contracts based on a set of sustainability criteria, including the extent to which suppliers meet the UN’s Sustainable Development Goals and the Global Compact, as well as various environmental and social parameters. Continuing the organization’s work with CSR can be easily integrated into contract management efforts.

HEALTH MEASUREMENT

The solution’s capability for automated action plans and project management is captured in a health measurement for the contract. This provides a clear indication of whether a contract is healthy in relation to compliance with the guidelines and activities set by the organization. This facilitates management oversight and can quickly highlight any challenges in collaboration with the supplier.

GDPR REGISTER

To accommodate the increasing focus on GDPR legislation, it is easy to indicate whether a contract has an associated data processing agreement and to create a GDPR register for the contract. The GDPR register can specify the type of data stored, the individuals involved, and the systems used. Information regarding data deletion policies can also be included. It is possible to create activities and reminders specifically for the register, and contracts with a GDPR register can be easily retrieved for a comprehensive overview.