Contract Management Services

Contracts are the foundation of any business. 60-80% of business transactions are governed by contracts or agreements. They contain the vital details of an organization’s relationships with its partners, suppliers, customers and employees. As the organization grows, so does the contracts, it becomes cumbersome for an organization to manage, track them.

If the in-house legal department spends all their time on only them, they can never get to do any strategic & core operational work. CLM outsourcing will help free your teams from repetitive administrative tasks, which can represent as much as 30% of their time.

Failure to follow up and manage contracts throughout their life-cycle often results in the revenue leakage, increased cost, oversight of deadlines legal & regulatory requirements and other compliance, higher chances of litigation etc.

  • 1-2% improvement in contract revenues
  • 75-90% reduction in erroneous payments
  • 30% increase in renewal revenue
  • 70% reduction in legal cost
  • 90-100% abolition of auto-renewing contracts
  • 90-100% increase in compliance with law, regulations & policies
  • 50% faster contract negotiations
  • 10-30% reduction in operating & processing costs
  • 10-20% reduction in head account or increase in productivity
  • Integrated contract management capabilities can deliver a 3-5% reduction in procurement expenses
Aeren LPO Offerings
  • Contract Drafting, Negotiation, Red-Lining and Execution
  • Contract Abstraction & Summarization
  • Contract Close Out Services
  • Post Execution Contract Administration
  • Contract Standardization and Harmonization
  • Contract Migration
  • Contract Audit and Data Cleansing
  • Lease Abstraction & Administration Services
  • Gap Analysis with Standard T&C and Clauses
  • Contract Summarization Services
Aeren LPO specialization in the following contracts in particular

AEREN LPO has spear headed a new approach to support your day-to-day commercial contracts including but not limited to:

  • Sales Department
  • Procurement Department
  • Legal Department
  • Lease Contracts
  • Non-Disclosure Agreements
  • Software license agreements
  • Service Agreements
  • Merger & Acquisitions
  • Master Services Agreement
  • Master Platform Subscription Agreement
  • License Agreement
  • Master Software License and Support Agreement
  • Framework Agreement
  • Statement of Work
  • Vendor Contracts
  • Re-Seller Agreements
  • Employee Contracts

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