Posted on 7th September 2020

Market Data

Implementing Contracts Management: The Proof is in the Pudding

Has the COVID-19 pandemic sped up digital transformation in your organisation?

Despite the virus’ devastating impact on the economy, businesses are investing more in technology; with 52% of companies stating they will increase their spending on digital transformation, according to a global research study from IFS.

The study confirmed that many companies were using the global downturn to divert resources to technological renewal and innovation; while enterprise software also looked to play a role in accelerating recovery further down the line. Adopting digital software solutions to replace outdated systems and working practices will help companies thrive, now and in the future – although it is important to remember that digital solutions is and has played a vital role in helping companies here and now to ensure businesses can still communicate and engage with customers, clients, contractors and suppliers; as a survey by Twilio found that 95% of all companies are seeking new ways of engaging customers as a result of COVID-19 and 92% say transforming digital communications is extremely or very critical to address current business challenges.

As part of our commitment to assisting your business continuity, at a time when many teams have been struggling with sharing spreadsheets, we’ve been telling you how we can help significantly and quickly with our Accord Contract Management Systems.

We’ve been letting you know how Accord can enable your organisation to continue working safely and productively with; Homeworking access, Alerts and Escalations notifications, Contracts Management and Supplier/Vendor Management.

  • Homeworking: Our Accord systems are cloud-based solutions, enabling you and your team to work remotely and still have 24/7, 365 days access to all the information and the database so you can continue to manage your contracts, suppliers, team and workload.
  • Alerts and Escalations: Automating your data, the system can notify your team to activities, expiring contracts and upcoming renewals. Accord ensures your team is always in control and one step ahead.
  • Contracts Management: A centralised register of contracts to manage your current, un-awarded and historic contracts, will enable you to collaboratively work with your team. Set activities for yourself or your colleagues against suppliers and contracts to ensure you don’t miss key review dates and significantly improve productivity through focusing your team on their individual work plan.
  • Supplier On-boarding and Supplier KPI’s: Send contracted suppliers their own user login for your Suppliers to handle their own compliance documents and create a collaborative working environment. Alert Suppliers to Project/Contract milestones, reviews, renewals etc. Drive Supplier engagement to help with your productivity and have a standard set of Supplier Performance questions or adapt forms for contract specific monitoring and create clear insights with flexible and adaptable Scorecards.

But you don’t just have to take our word for it, so we went and asked our Clients how they got on…

• 95.2% Of Clients Agreed!

Accord’s cloud-based platform with its Digital Dash-boarding, Homepage To-Do Activities, and alerts and escalations around key Contract milestones, has been essential to us maintaining and managing our contracts during this crisis, and with a remote workforce.

• 90.5% Of Clients Agreed!

Without Accord, working collaboratively and maintaining our contracts with a remote and/or a reduced team during this period, would have been very difficult.

  • One Client additionally commented:

Accord has revolutionised the way we undertake supplier and contract management. Previously a spreadsheet was used, which was manual, time-consuming and renewal/termination dates were easily (and often) missed. Accord means the data is up-to-date, relevant and allows superb reporting. We love it!

So the proof is in the pudding (or in the pie-chart)! Take a look at what else our clients had to say:  https://www.accordcontracts.com/customer-satisfaction/

In light of the COVID-19 outbreak, having dynamic and flexible digital solutions is critical to your business to ensure nothing in your contractor compliance process gets missed while you are away from the office environment.

Accord has been continually developed with various Clients in the public and private sector and during the pandemic the system helped 81,660 Users to manage contracts valuing over £21 Billion.

With a lot of uncertainty surrounding the pandemic, your business can move towards a productive future and improve your contracts management and collaborative working with innovative software to seriously contribute to your savings in time, money and employee safety and productivity!

Want to be one of our satisfied clients? Can we help you and your team create an efficient way of managing contracts and supplier data and move towards a collaborative working future?

Get in touch now for a quick initial chat or arrange a free, informal, no-obligation tour of Accord over a webinar to see how our contract management systems can help - click here to schedule a suitable time.

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