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The Importance of Contract Management

Englewood Cliffs, New Jersey - October 2009 – UTR, a firm that specializes in providing Telemanagement Expense and Asset Management software and service solutions has been speaking with a number of firms on the importance of contract management.

“With over 30 vendors providing our company with telecommunications services and associated contracts committing to a 5 year $120 million dollar spend, we are concerned about the management and monitoring of the overall effectiveness of this expense,” says the VP of Procurement for a large pharmaceutical company.

Are we maximizing the potential of the contract? Are we paralleling our company technology changes with contract schedules and can we relate the schedule terms, start & end dates, prices and quantities to a company inventory?

“The answers to these questions will get you to the core of coupling a business practice with a software solution, and we do it everyday with companies big, medium and small,” says Guy Morin, UTR’s General Manager.

If you are having contract expense tracking issues or feel that you may not be effectively linking the contract components with a centralized system improving accountability and management transparency, please contact us and we would be happy to do a review and speak to you about some proven paths that can deliver results.

Contact Donald Murphy – dmurphy@utrglobal.com for more information.

New Jersey Office: 201-567-6060
Toronto, Ontario: 416-598-1300