Contract management

In practice, contract management is the foundation for our business activities and is therefore a complex task.

Contract management comprises the management of contractual negotiations between at least two contractual partners. This includes, among other things, the development of the contract, administration, possible adjustments, processing and updating of the contract. Almost all departments of a company are affected by this, including MHH.

Why is contract management important for MHH?

We have to manage risks such as

• Compliance with legal regulations
• Inconsistent level of information
• timeliness
• Finding contracts
• Content risks
• Failure to meet deadlines
• Inadequate processing in the contract process
• Transparency within the company
• Long processing times
• Risk assessment
• Balance sheet and audit security

as low as possible, reduce or even avoid them.

In order to fulfill this task, MHH has been working with the contract management software cu-Contract from Circle unlimited for many years.

At MHH, contracts are managed decentrally in the relevant Departments and the associated deadlines are monitored and, if necessary, adjusted by contract administrators. We use an optical archive so that every contract can be viewed and retrieved at any time. All contract data and information on a contract are therefore transparent and available to authorized users at all times.

For further information, please contact the Legal Administrative Unit.