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- Contract Lifecycle Management
- Process
- Obligations and renewals
Obligations and renewals
Assign work due during the contract term and record the next-term decision.
Step by step
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Manage term Contract Manager
Contract Manager and the assigned obligation owner maintain due dates, work status and evidence for commitments in the active agreement.
- Tie each promise to its owner, due date and outcome.
- Updates Contract obligations, Contracts, Team members
-
Decide renewal Contract Manager
The renewal account owner reviews the scheduled date and contract terms, then records the negotiation and final outcome.
- Keep the scheduled renewal and closing decision together.
- Updates Renewals, Contracts, Team members
Who does what
Roles and permissions- Contract Manager
- Coordinates term records; Procurement works assigned obligations; Sales Manager leads the renewal decision; Legal Counsel reviews changed terms.
Set up Contract Lifecycle Management your way.
Start free, then use Proto to change fields, steps and approvals before your team goes live.