Keeping control of the paper documentation and maintaining the key information is a challenge in any organisation. LOCS’ support services include:
- Creating/updating records for historical agreements
- Structuring information by organisational entity
- Reviewing the agreements and extracting key information
- Creating a system to keep the data current
- Providing an electronic repository, linked to a contract management system
- Delivering a customised managed service for the day to day activities
The aim is to provide the commercial and legal management staff with the information needed to keep control ofcontractual obligations, costs and renewals and provide an information base for negotiation of new agreements.