Contract Management Services and Outsourcing: Ensure Compliance

Contracting process inefficiency can weigh down a company enormously. Lack of transparency and a navigable archive can cause downstream issues from a legal or compliance perspective. When we add contracting technology to the mix, the additional complexity can become less of an efficiency and more of a burden if not managed with expertise.

Our team supports those areas of contract administration you seek to optimize. Remapping approval processes, structuring a contract library, creating meta data and driving continuous efficiency are all part of the mix. We offer specific digital solutions and also have expertise in most of the contract lifecycle management platforms.

Contract administration is a common pain point at companies of all sizes and the cause of downstream issues such as risk exposure that can ultimately cost them dearly. It’s not uncommon for a procurement organization to have limited access to executed contracts, limited line of sight into expiry timelines, and a lack of resources and expertise to ensure that agreements are up-to-date and fully compliant.

Using a combination of process development, expert engagement, and assessment of digital solutions, we partner with you to break down the barriers to transparency across all key areas of ongoing contract and compliance management. Our contract risk and compliance enablement program helps organizations accelerate identification and mitigation of risks by focusing on improving business processes, maximize revenue, manage costs and address risks.

Our team of procurement professionals includes legal and paralegal resources with procurement and contract authoring expertise. Whether an adjustment to existing organizational contract templates or a fresh approach to agreements for a particular category, WNS' resources have the skill set to create best-in-class contracts.