Stop the Stall: Why Active Management is Key to Contract Performance

Learn about the importance of Contract Performance Management (CPM) and how the Active Management phase keeps contracts on track.

In our ongoing series on Contract Performance Management (CPM), we’ve explored the foundational Activation Phase—the critical first step in setting up your contracts for success.  

Today, we’re diving into the next phase: Active Management.

Active Management is all about keeping your contracts on track to ensure you’re not missing any obligations, opportunities, or important details of the contracts, like critical dates, terms, and obligations. 

The 7 Phases of Contract Performance Management

  1. Activation: Setting your contracts up for success.

  2. Active Management: Monitoring performance closely.

  3. Reporting: Turning numbers into actionable insights.

  4. Change Management: Adapting to new circumstances.

  5. Renewal: Evaluating contracts before they expire.

  6. Termination: Exiting contracts gracefully.

  7. Archival: Preserving and managing contract history.

What Is Active Management?

The Active Management phase is critical for ensuring your contracts don’t deviate from their intended path and that all parties adhere to their responsibilities. This is even more paramount in highly regulated industries, such as financial services, where a lapse in contract performance could mean significant financial penalties, losses, or compliance issues. 

Proper Active Management mitigates these risks by providing streamlined access to contract data, enabling teams to make informed decisions and ensure performance is on track.

PostSig’s Approach to Active Management

PostSig offers several features that make the Active Management phase easier and more efficient:

  1. Automated Data Ingestion
    PostSig’s AI-powered data ingestion allows businesses to seamlessly upload contracts, automatically extracting key details such as Service Level Agreements (SLAs), Key Performance Indicators (KPIs), and deadlines. This removes the need for manual data entry, making it easy to access relevant information at any time. All contract data is centralized, ensuring that teams have everything they need in one place​​.

  2. Easy Access to Contract Data and Actionable Insights
    One of the biggest challenges in managing contracts is accessing the right information when needed. With PostSig, teams can quickly and easily access contract data, making informed decisions without sifting through multiple systems. This ease of access ensures that performance reviews can be conducted efficiently and actionable insights can be generated, helping you identify potential issues before they escalate​​.

  3. AI-Driven Insights and Legal Translations
    One of PostSig’s standout features is its ability to translate complex legal terms into plain English. This makes it easier for non-legal teams to understand contract obligations and make informed decisions without relying heavily on legal departments. This feature ensures that all stakeholders clearly understand contracts, minimizing the risk of misinterpretation​​.

  4. Automated Notifications and Alerts
    Missing critical deadlines or obligations can lead to costly penalties. PostSig automates notifications for upcoming deadlines, renewals, compliance checks, and key milestones. This ensures that teams stay ahead of contract obligations without manually tracking each one, significantly reducing the risk of non-compliance or oversight​​.

  5. Collaborative Multi-User Environment
    Managing contracts across multiple teams—procurement, legal, or finance—requires clear communication and visibility. PostSig’s multi-user platform ensures that all stakeholders have access to up-to-date contract information, fostering collaboration and preventing miscommunication. Centralizing all contract data enables cross-functional teams to work together seamlessly​​.

The Payoff: Contract Performance

Effective Active Management ensures that your contracts don’t just exist—they perform. By leveraging PostSig’s capabilities, businesses can:

  • Access Critical Data with Ease: Contract data is always at your fingertips, so manual tracking or hunting for information is no longer required.

  • Stay Ahead of Obligations: Automated notifications and alerts ensure compliance, preventing costly penalties or missed opportunities.

  • Maximize Contract Value: Businesses can optimize contract performance and outcomes with quick access to actionable insights.

  • Enhance Collaboration: A centralized, multi-user environment keeps teams aligned and informed.

With Contract Performance Management tools like PostSig, businesses can ensure that their contracts are more than just agreements—they become assets that drive value, mitigate risks, and unlock opportunities.

Want to know more about how Contract Performance Management can transform your business? Download our comprehensive whitepaper to dive deeper into the seven critical phases of CPM and discover how PostSig’s solutions can optimize your contracts from start to finish.


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