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      As a result of globalisation, digitalisation and compliance with contract and country-specific regulations, companies are increasingly confronted with the management of complex contract landscapes and organisations. When setting up a contract management system, they face major challenges such as integrating IT-supported governance, ensuring transparency and guaranteeing active risk management.

      Due to the high complexity of holistic contract management, isolated solutions are usually created that facilitate the work of the individual company divisions, but generally have no interfaces to other company functions or IT systems. This results in risks due to a lack of transparency, quality and increased costs due to non-existent or inefficient processes.

      Are you aware of the following challenges?

      • Lack of transparency regarding contractual relationships
      • Unpredictability of legal risks and consequences
      • Non-compliance with regulatory requirements
      • High susceptibility to errors due to lack of contractual expertise and review processes
      • Lack of reporting and deadline management

      Our contract management approach addresses precisely these challenges while taking your contract management governance into account: The decisive factor here is that contract management is provided in a holistic manner, i.e. optimally adapted from the perspective of company processes as well as legal and accounting-related issues and, where possible, integrated into existing IT systems.

      Our consulting begins with the recording and evaluation of your contract management maturity level and the development of recommendations for action. The next step is the design and piloting of optimisation measures through to the selection and implementation of an IT system. Here you can also utilise our KPMG contract management system. Finally, the measures are provided in the form of company-wide CLM governance. Continuous change management promotes the acceptance of these measures.

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      Our range of services

      KPMG's interdisciplinary project teams with proven CLM and IT experts, lawyers, tax advisors and auditors with experience from a large number of national and international projects for the introduction of contract management will be happy to support you with these challenges.

      This results in the following benefits for you:

      • Risk minimisation

        Realisation of opportunities contained in contracts (economic and legal) through a transparent contract landscape, standardised contract templates, integration of necessary technical expertise and effective control mechanisms.

      • Increased efficiency and quality

        Standardised processes, reduced complexity of the contract landscape, controlled information and communication flows and harmonised, integrated systems along the contract life cycle

      • Cost minimisation

        System-supported, efficient processes in contract creation and management and reduction of resource expenditure

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      Contract Lifecycle Management (CLM):

      Increase efficiency, ensure transparency, manage risks

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      More KPMG insights for you

      Your contact

      Julien Irmen
      Julien Irmen

      Director, Performance & Strategy, Enterprise Performance

      KPMG AG Wirtschaftsprüfungsgesellschaft

      Contract management as a lever for transparency and efficiency

      Contract management encompasses far more than simply filing signed documents. For companies, it becomes an operational management tool when contract data, responsibilities, deadlines, risks and obligations are transparently available throughout the entire lifecycle.

      Digital contract management lays the foundation for this. It combines processes, governance, data quality and technology into a structured contract lifecycle management system. KPMG supports companies in analysing existing contract processes, developing target scenarios and implementing suitable digital solutions within the organisation.

      Consistently aligning contract lifecycle management

      Effective contract lifecycle management begins before the contract is signed. Even during the initial stages, review and approval, information is generated that is later relevant to Procurement, Legal, Finance, Compliance and specialist departments. If this data is not recorded in a standardised manner, it leads to data inconsistencies, manual effort and limited control options.

      KPMG supports clients in designing an end-to-end contract management system. This includes analysing existing processes, defining roles and responsibilities, developing a suitable operating model, and selecting and implementing appropriate CLM technologies. Interfaces with ERP, procurement and document management systems are also taken into account.

      Digital contract management with clear added value

      Professional contract management increases transparency regarding existing agreements, reduces manual processing steps and improves the traceability of decisions. At the same time, it can help to identify risks arising from deadlines, obligations or inconsistent contract clauses at an earlier stage.

      KPMG would be happy to support you in making your contract management fit for the future. Ready for a chat? Contact KPMG.

       

      Frequently asked questions

      Contract Lifecycle Management describes the structured management of contracts throughout their entire lifecycle, from drafting and review to renewal, amendment or termination.

      Digital contract management improves transparency regarding contract data, deadlines, responsibilities and risks. At the same time, it reduces manual effort and makes processes more traceable.

      Yes. KPMG supports companies in evaluating suitable CLM solutions, defining business requirements and implementing them within the organisation.

      Investing in a CLM system is worthwhile as soon as increasing regulatory pressure (e.g. LkSG, DORA, CSRD), increasing margin pressure and growing operational risks lead to opaque contractual obligations, inefficient processes and potential compliance breaches.