Contract Management KPI
Do you have a question about key performance indicators? Definition, description of the need, functionalities and practical sheets: you will find all the answers to your questions in this space.
Definition : Contract Management KPI
KPIs in Contract Management, or key performance indicators in contract management, are the set of data elevated to the rank of indicators because of their capacity to be useful for decision-making. As their name suggests, they are indicators linked to the company's contractual performance.
Setting up a dashboard and providing regular reporting on contract activity is impossible if contract data is scattered and manual entry is required.
All the data collected throughout the life cycle of a contract must be collected and compiled by the company to enable the employees involved to manage the contractual activity through a statistical dashboard.
Most common need for key performance indicators
Here, the challenge is to exploit the data generated throughout the life cycle of contracts for two purposes:
- Ensuring better visibility of the company's contract pool
- Provide legal teams with reliable and quantified indicators on their activity
Discover the useful features in Contract Management KPI
- Data collection
- Statistical dashboard
- Integrations & APIs
