{"id":466,"date":"2013-02-08T13:53:15","date_gmt":"2013-02-08T13:53:15","guid":{"rendered":"https:\/\/stagingwww.zycus.com\/5-steps-to-manage-contracts-efficiently-step-1"},"modified":"2025-12-26T11:44:31","modified_gmt":"2025-12-26T11:44:31","slug":"5-steps-to-manage-contracts-efficiently-step-1","status":"publish","type":"post","link":"https:\/\/dev.zycus.com\/freshz\/blog\/procurement-technology\/5-steps-to-manage-contracts-efficiently-step-1","title":{"rendered":"5 Steps to Manage Contracts Efficiently \u2013 Step 1"},"content":{"rendered":"<p>In the <a title=\"contract\" href=\"https:\/\/dev.zycus.com\/freshz\/blog\/procurement-technology\/5-steps-to-manage-contracts-efficiently-spokes-in-the-contract-life-cycle-management-wheel\" rel=\"noopener\">previous blog<\/a> we discussed the spokes in managing contracts effectively, that the success of procurement largely depends on how efficiently the contracts are managed.<\/p>\n<p>Let us now discuss step 1 in managing contracts efficiently &#8211;\u00a0<strong>AUTOMATE CONTRACT CREATION<\/strong><\/p>\n<p>Contracts typically have routine clauses and terms &amp; conditions depending on the geographies. The legal team hence should be spending more time reviewing other critical issues rather than looking into routine clauses.<\/p>\n<p>The time taken by legal team to review the contracts and the exposure to risk can be reduced by<\/p>\n<ul>\n<li>Defining and maintaining a contract template and clause library that is customized as per geographies<\/li>\n<li>Defining mandatory and non-mandatory clauses<\/li>\n<li>Standardizing the contract authoring process<\/li>\n<li>Constantly updating the clauses to ensure information is relevant<\/li>\n<li>Ensuring access to relevant stakeholders to update the clauses\/templates<\/li>\n<\/ul>\n<p>Stay tuned to know about step 2 in effective contract management series.<\/p>\n<p>For further reading, click on the download button below to access the white paper-5 Steps to Realizing Value from Contract Lifecycle Management<\/p>\n<p><strong>Learn More: <a class=\"rebPrimaryCta\" href=\"https:\/\/zycusicontract.com\/\" target=\"_blank\" rel=\"noopener\">Zycus iContract Solution<\/a><\/strong><\/p>\n<p><strong>Related Read:<\/strong><\/p>\n<ol>\n<li><a href=\"https:\/\/dev.zycus.com\/freshz\/blog\/procurement-technology\/5-steps-to-manage-contracts-efficiently-step-2\">Blog \u2013 5 Steps to Manage Contracts Efficiently \u2013Step 2<\/a><\/li>\n<li><a href=\"https:\/\/dev.zycus.com\/freshz\/blog\/procurement-technology\/5-steps-to-manage-contracts-efficiently-step-3\">Blog \u2013 5 Steps to Manage Contracts Efficiently \u2013Step 3<\/a><\/li>\n<li><a href=\"https:\/\/dev.zycus.com\/freshz\/blog\/contract-management\/contract-management-guide\">Blog \u2013 Ultimate Guide to Contract Management: Benefits &amp; Best Practices<\/a><\/li>\n<li><a href=\"https:\/\/dev.zycus.com\/freshz\/solution\/contract-management\">Contract Management Software<\/a><\/li>\n<li><a href=\"https:\/\/dev.zycus.com\/freshz\/knowledge-hub\/analyst-report\/contracts-as-a-connector-the-case-for-improved-contract-management\">Analyst Report \u2013 Contracts as a Connector \u2013 The case for improved contract management<\/a><\/li>\n<li><a href=\"https:\/\/dev.zycus.com\/freshz\/knowledge-hub\/whitepapers\/the-why-what-how-of-contract-management\">White Paper \u2013 The Why, What &amp; How of Contract Management<\/a><\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>In the previous blog we discussed the spokes in managing contracts effectively, that the success of procurement largely depends on how efficiently the contracts are managed. Let us now discuss step 1 in managing contracts efficiently &#8211;\u00a0AUTOMATE CONTRACT CREATION Contracts typically have routine clauses and terms &amp; conditions depending on the geographies. The legal team [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":96421,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1941,1937],"tags":[653,424,563,648,351,649,650,651,652,613,354,361],"ppma_author":[170],"class_list":["post-466","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-contract-management","category-procurement-technology","tag-automate-contract-creation","tag-contract-management-2","tag-contract-management-solution","tag-contract-management-solutions","tag-procurement","tag-procurement-software","tag-procurement-software-solutions","tag-procurement-solution","tag-procurement-solutions","tag-procurement-strategy","tag-strategic-sourcing-2","tag-zycus"],"acf":[],"authors":[{"term_id":170,"user_id":0,"is_guest":1,"slug":"zycus-inc","display_name":"Zycus","avatar_url":{"url":"https:\/\/dev.zycus.com\/freshz\/wp-content\/uploads\/2025\/02\/zycus-author.png","url2x":"https:\/\/dev.zycus.com\/freshz\/wp-content\/uploads\/2025\/02\/zycus-author.png"},"author_category":"0","last_name":"Agentic Procurement Platform","first_name":"Zycus","job_title":"","user_url":"https:\/\/dev.zycus.com\/freshz","description":"Zycus is an Agentic Procurement Platform that is redefining procurement from Source-to-Pay to Intake-to-Outcomes. Its unified platform combines native Intake, agentic AI, and an end-to-end S2P core to help enterprises drive real procurement outcomes \u2014 not just transactions. Recognized by Gartner, Forrester, IDC, and customers worldwide, Zycus is shaping the next generation of procurement with the Merlin Agentic AI Platform."}],"_links":{"self":[{"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/posts\/466","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/comments?post=466"}],"version-history":[{"count":0,"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/posts\/466\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/media\/96421"}],"wp:attachment":[{"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/media?parent=466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/categories?post=466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/tags?post=466"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/ppma_author?post=466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}