As your business grows, you typically find that you have to engage professionally with many other businesses to thrive. You may require regular shipments of raw materials, components or other important goods to manufacture your own products. An outside company may be necessary to connect with contract labor for a short-term project. Whether you provide goods or services, you will soon find your company engages in contracts with businesses that rely on you, as well as companies that you rely on for your daily operations.
Each of those companies will have its own policies, limitations and geographic region. Trying to maintain all of those contracts while also growing your own business can prove to be overwhelming. Some companies have to deal with dozens or even hundreds of different vendors, contractors and suppliers for international operations. That can make it easy for your company to overlook something important in a contract or experience delays related to supply or staffing issues.
What Is Contract Management?
There are typically many details unique to any given contract with a vendor or outside agency. From delivery dates to payment and minimum use policies, there are many factors your company will need to review and remain aware of to comply with each individual vendor contract. Retaining all the information, tracking progress and verifying the completion of each contract can quickly become a full-time job. Even very large companies would often benefit from outsourcing the contract management process to a company that provides a single point of contact.
Outsourcing your contract management can help your company focus on what it does best. Working with a company that offers contract management solutions, like Singular, can free up your staff and resources to focus on maintaining and growing your company, instead of dealing with the details of each individual contract for your business. Singular offers a host of solutions for companies that deal with multiple vendors or work overseas for short-term projects and contracts.
Singular Can Create Individualized Contract Management Solutions
As the managed solutions provider (MSP) and recruitment process outsourcing (RPO) division of Airswift, Singular has been managing contracts for clients of all sizes. Whether you need a single point of contact for all the contracts related to one critical project or ongoing subcontract management for your various vendors, Singular can create a scalable solution that works for your company. If your needs change over time, Singular can make sure that your solutions grow and change with your business as well.
Singular has access to a massive network that can aid in your company’s expansion and global mobility. With more than 50 offices, there’s an established presence almost anywhere in the world. The team at Singular comes from technical backgrounds within the energy, infrastructure, process and similar fields. They understand what companies need to thrive and can help create contract management solutions for your company that work for you. Singular can handle your recruitment process, both locally and internationally, and also manage your contracts for all of your projects.