You can also add custom fields such as ‘Contract Value’ to the report to get a more granular view. The included report provides a clean space to gather high-level critical contract data. This centralized view gives your team a glance at all the critical details of contracts in flight without having to dig through separate contract folders or multiple channels (email, Slack, etc.). The columns display key values such as contract end dates, the draft completion date, estimated contract value, contract value, and contract length (annual renewal, short term, one-time, etc.). Here, you’ll see a list of contracts and customers filtered by contract status. Wrike’s contract management template comes with a pre-built report to help you track your contracts – available by clicking More > Reports > Contracts.
When managing contracts, reporting on the status of requests, existing, and terminated contracts is just as important as progressing contracts to an ‘Active’ state. The personal dashboard helps provide a kickoff for individuals working on the project or contract task because they can see what work is due today and this week along with overdue items. The contract tracking template also comes with a personal dashboard within the dedicated Contract Management area of your Wrike workspace based on tasks and filters assigned to the current user. Completed contracts are not included in the dashboard, but can be referenced in the ‘Active Contracts’ folder at left. The ‘Contract Stages’ dashboard – available by clicking the link under ‘Tools’ in the top-left of the navigation panel – lets you see all contracts’ statuses in one view. Projects use the included custom workflow and can be used to signify status updates.Īn important part of managing contracts is being able to track those in flux at a glance.
Note: All tasks will have the default Wrike workflow. Once you’ve completed every stage, you can cross-tag tasks to the ‘Active Contracts’ folder for easier organization. It’s best that you complete each task in order so that no detail, review, or approval gets missed along the way. Within the created project are six steps listed as tasks for completing the contract: preparation, draft, internal review, legal review, signing, and pre-renewal outreach. Answers from the request form auto-populate the custom fields and descriptions within the new project so all pertinent details are in one place. Once the form is submitted, a project is created in the ‘New Contract Requests’ folder. The requester fills out the client name, contract subject, requirements, length, estimated contract value, date submitted, and preferred draft completion date so your team has the necessary detail to get the contract process started. New contract requests get submitted using the ‘Contract Request’ form.
A unified process replaces haphazard manual tracking with automated accountability.Ĭonsider this template a checklist for managing all your contracts, whether requests come in from your team or other departments.
Manage contracts and their related appendices in a centralized data repository. Wrike’s contract management template is customized to manage all stages of a typical contract life cycle, from the request through approvals to renewals.