Contract management systems help you get the most out of your contracts

Contract professionals in the manufacturing industries face difficult challenges with their supplier and customer contracts. Often, they don’t have a clear view into the long-term scope of contracts, which can result in lower operating margins. They can also lack consistency and controls over their data and processes. This can lead to a service and warranty management nightmare. And without being able to maintain the required regulatory compliance, manufacturers can experience serious legal exposure. These complex contract problems when faced without contract management systems, can be nearly impossible to overcome. Thankfully there is a better way.

Manufacturing companies need not despair! Modern contract management systems, like Malbek, provide tools to overcome the unique problems faced by this industry. The Malbek contract management solution enables manufacturers to optimize margins through pre-deal analytics and what-if scenario modeling to gain a better understanding of which business terms will impact profitability. Service and warranty tracking automates milestones and makes it easy to seamlessly integrate invoice data with contract terms, reducing revenue leakage. And to address legal exposure, Malbek makes it possible to clauses that carry a high level of risk, highlight unfavorable terms throughout contracts, and compare historical contract performance to assess current exposure levels.