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Contract management not a priority at European enterprises

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  • Contract management – the operational area responsible for organisational issues and processes related to contracts – is still insufficient in European companies.
  • This was shown in a recent cross-industry survey conducted by management- and technology consultancy BearingPoint (www.bearingpoint.com) among more than 100 European enterprises from 18 different countries.
  • According to the survey, only eight per cent of the companies questioned regard their contract management as best practice.
  • The main reasons for the poor results are weaknesses in organisation and processes: only nine per cent of enterprises completely operate contract management centrally. Half of the companies have no key department at all for any contract management tasks.
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