Collecting, analyzing, and tracking contract management data with manual and disparate processes throughout the contract lifecycle can prove challenging. You can waste time and energy without readily accessible contract management reports for the following.
- Contract Financials
- Contract Terms
- Workflows
- Budgets
- Key Performance Indicators (KPIs)
- Vendors
- Contract Compliance Data
- & Other Essential Contract Data
Fortunately, leading contract management software can provide you with contract reports for optimizing contract performance management oversight.
Contract Reports
Contract reports showcase contract analytics gleaned from selected contact data – including key performance indicators, contract workflow tasks, departments, budgets, financials, vendors, bids, compliance, obligations, and renewal dates - that help centralize contract data for effective review and decision-making.
Contract Data Searching
When you manage the contract management lifecycle, finding necessary contract data without a robust search tool can waste time and create workflow bottlenecks in your legal department
Fortunately, leading CLM software offers a user-friendly searching tool that can populate quick records results for review – including active contracts, inactive contracts, legacy contracts, vendors, and solicitations. A robust CLM search tool can also offer search suggestions based on initially typed searches and full-text search ancillary OCR record files.
Additionally, leading contract management systems support field-level search - such as "Contract Title" – that can be sortable, filterable, and exportable. Field-level searches can also be saved for future on-demand contract management process reporting and searching.
Are you still considering leading contract management software with reporting functionality? No problem; in the meantime, you can leverage the free contract management tracker below.
Source To Contract Management Reports
Compiling data from vendors through contract renewals within your legal department can prove time-consuming and cumbersome when primarily leveraging manual tools and processes, such as spreadsheets and disparate filing systems.
Fortunately, leading contract management software can equip you with robust tools for source-to-contract lifecycle management reporting success, including the following.
- Bid-Tabulation Reports & Vendor Rating
- Ad-Hoc Contract Reports
- Graphical Dashboards for At-A-Glance Statistical Analysis
- Configurable Contract Report Designs
- Contract Financial Data Reports
Additionally, leading contract software can enable you to email contract management reports to stakeholders directly and export data into spreadsheets.
Bid-Tabulation Reports & Vendor Rating
Robust source-to-contract lifecycle management software allows you to rate and score prospective vendors for enhanced at-a-glance visual comparisons. You can report on vendor, client, and supplier ratings to make data-driven decisions.
Highly configurable bid tabulation reports allow you to evaluate solicitation data – including solicitation IDs and release dates – and support the ability to report on the following solicitation details.
- Participating Vendors
- Vendor Questions
- Your Responses
- Vendor Response Scorecard Ratings
- Vendor Pricing
Ad-Hoc Contract Reports
Leading contract management software offers configuration tools to create highly configurable ad-hoc reports. These contract reports are rooted in ad-hoc query building with editing and previewing functionality, "and/or" logic filtering, naming, sorting, charting, and exporting via spreadsheets.
You can also receive recurring emailed ad-hoc contract management reports, such as daily or monthly, and display current data within your configured dashboard.
Graphical Dashboards for At-A-Glance Statistical Analysis
Robust contract lifecycle management software offers highly configurable graphical dashboards to analyze statistical data and identify trends quickly and effectively. With the help of such a visually engaging medium, you can assess contract metadata comparisons at a glance.
Additionally, integrated statistical analysis and multiple grouping options can prove especially useful for consistently tracking contract management KPIs.
Configurable Contract Report Designs
Considering that everyone digests data differently, it's crucial to retain creative agency when designing effective contract management reports. Highly configurable contract management software can provide you with an online report designer to create visually engaging contract reports to your liking.
Drag-and-drop custom reports designer features matched with a smorgasbord of design options can provide you with effective contract report tools to better communicate contract performance insights with dynamic data visualization. You can take advantage of the following.
- Dynamic Graphics
- Clear Conditions
- Robust Cross-Tables
Upon completion, leading CLM software allows you to export contract management reports to various formats – including MS Excel, MS Word, MS PowerPoint, CSV, PDF, and Rich Text.
Contract Financial Data Reports
Tracking contract financials within leading CLM software allows you to track many budgetary variables within a centralized contract financial data report for enhanced oversight, where you can easily track the following quantities.
- Contract Transactions
- Contract Expenses
- Total Contract Budget
- Remaining Contract Budget
- Percentage of Used Contract Budget
- Percentage of Remaining Contract Budget
Leading CLM software empowers you to report on contract financials of all contracts within your contract portfolio – including by department, counterparty, and type. You can also configure alerts for when budgets meet or exceed a defined contract value – increasing contract management budgetary awareness in virtually real-time.
Robust Contract Reports With CobbleStone Contract Insight®
Robust contract management reports with detailed CLM data analytics oversight begin and end with CobbleStone Contract Insight. Don't waste any more time losing contract value and confronting contract report bottlenecks. Reduce contract cost and increase efficiency!
See the abovementioned industry-leading analytical tools for contract management searching and reporting in action by booking your free demo with a CobbleStone Contract Insight expert.
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This blog was updated on July 2nd, 2024, and was originally published on February 23rd, 2022.
*Legal Disclaimer: This article is not legal advice. The content of this article is for general informational and educational purposes only. The information on this website may not present the most up-to-date legal information. Readers should contact their attorney for legal advice regarding any particular legal matter.
