Is your contract process working – or workingagainst you?
Book a Contract Process Review · 30 min · Free
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Free tool
Contract management health check
Take our free contract management health check and find out where your contract process creates risk, delay, and lost control and where the biggest opportunities lie.
7 questions · 3 minutes · No sign-up required
Question 1 of 7
How are contracts created today?
Think about your most common contract type, such as an NDA, sales agreement, or supplier contract.
From scratch in Word or Google Docs, often by whoever needs it
From templates, but they're not always up to date or consistently used
From Legal-approved templates that teams can access and use
Guided by a system that populates contract content based on input, with no manual drafting needed
Question 2 of 7
How are contracts approved?
Consider what happens when a contract needs sign-off before it can move forward.
By email or chat, relying on people chasing each other
We have a process, but it's inconsistent depending on who's involved
There's a defined approval chain, but it's managed manually
Automatically routed based on contract type, value, or other rules, without anyone having to intervene
Question 3 of 7
How much control does Legal have over what gets agreed?
This is about whether Legal-defined rules are actually followed across the business.
Legal reviews almost everything and it is a bottleneck
Business teams act independently and Legal finds out after the fact
Legal has defined templates and guardrails, though not everyone follows them
Legal defines the rules; business teams work within them autonomously and compliantly
Question 4 of 7
How do you track contract renewals and obligations?
Think about supplier agreements, customer contracts, or any agreement with ongoing commitments.
We often miss renewals or find out too late to act
We rely on calendar reminders set manually by the person who handled the contract
We have a system for tracking renewals, but coverage isn't complete
Automated alerts and structured metadata ensure we always act on time
Question 5 of 7
How well does contracting connect to your other systems?
For example, your CRM, HR system, or e-signature tool.
Contracts are completely separate and data is copied between systems manually
Some integrations exist but they're partial or unreliable
Key tools are connected, though not all contract data flows between systems
Contract data flows automatically between CRM, HR, e-sign and other core systems
Question 6 of 7
How visible is your contract process?
Can you quickly answer: where is this contract, who has seen it, and what changed?
Very little. We often do not know where a contract is or what version is current
We can usually figure it out, but it takes time and asking around
Most contracts are stored centrally and can be searched or found
Full audit trail, searchable archive, and real-time status visibility across all contracts
Question 7 of 7
How do you handle contracts across departments or entities?
For example: sales, procurement, HR, or subsidiaries operating under different rules.
Each team manages contracts their own way with no shared process
There's a shared approach, but it's inconsistently applied across teams
We have shared templates and rules, though cross-team coordination still requires manual effort
A central governance layer means all entities and departments operate within the same controlled framework
0
out of 105
Where to focus next
How you compare to other companies
At Risk
38%
Developing
42%
In Control
20%
Based on 12+ years of CLM experience across Precisely's customer base.
Want to dig deeper into your results?
Book a 30-minute session with a contract management specialist at Precisely, or download your results as a PDF to share with your team.
How it works
Step 1
Answer seven questions
Takes about three minutes. No sign-up, no preparation required. The questions cover the areas that matter most: automation, control, and how well your contracts connect to the rest of your business.
Step 2
Get your instant score
You'll see your maturity score, a breakdown of where the gaps are, and a benchmark of how you compare to other organisations. Your results are yours to keep.
Step 3
Talk it through (optional)
If you want to dig into what the gaps mean for your specific setup, book a free 30-minute session with a Precisely specialist. No slides. No pitch. Just a conversation about your contract process.
