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Contract Management

Contract Management
Gorfine, Schiller & Gardyn, PA (GSG) has developed an efficient and effective approach to helping our clients drive the greatest value from their existing buy-side and sell-side contracts. Far too many organizations view contract management as a "once and done" process focused on the physical execution of the documents. Our team understands that this is only the beginning. Once the contracts have been executed, they must be communicated to all key stakeholders, accessible to the appropriate staff members, leveraged to optimize both buy-side and sell-side relationships, and tracked / reported to support management and financial reporting.

Our team provides value added services around the entire contract management life cycle to include:

  • Authoring & Negotiation
  • Baseline Contract Management
  • Commitment Management
  • Communications Management
  • Compliance and Adoption Management
  • Document Management
  • Contract Benchmarking & Reporting

There are many benefits of a strong contract management environment. However, the critical areas of focus are: Risk Mitigation, Cost Efficiencies, Liability Recognition and Sales Generation and Optimization.

Risk Mitigation: Analyze your contracts to ensure that you fully understand your organization's commitment to its clients and vendors and drive compliance.

Cost Efficiencies: Analyze your contracts to ensure that you are paying the proper prices, receiving the proper discounts, and receiving the proper service levels from your supplier / vendor base. Ensure that you are pricing your services properly, billing and collecting within guidelines, and are executing on all facets of the contract.

Liability Recognition: Analyze your contracts to ensure that you fully understand, and can quantify future commitments to both your clients and suppliers.

Sales Generation / Optimization: Analyze your sell-side contracts to determine if there are untapped goods and services that should be offered to existing clients (we have seen many contracts that simply renew and do not provide access to new bundled products or services).

Contact us today to discuss how we can help your organization with an efficient and effective contract management solution.

10045 Red Run Blvd
Suite 250
Owings Mills, MD 21117
(410) 356-5900
(800) 333-0272

240 S. Potomac Street
Suite 305
Hagerstown, MD 21740
(301) 739-9000