Morris, Manning and Martin, LLP has launched its newest value added service, Contract Management Solutions, to help clients manage all aspects of the contract lifecycle. MMM’s CMS combines people, process and technology to aid clients in negotiating and managing their contracting process by adopting best practices.

“MMM is always innovating to improve legal services to our clients,” says Scott Allen, MMM Partner. “MMM’s novel CMS system speeds up contract cycle time, which helps businesses streamline the contracting process to accelerate revenue while ensuring legal and regulatory compliance.”
    
“In its simplest form, CMS is like an IT helpdesk for contracting,” said Bettina Alam, MMM’s Director of Contract Management. “We provide solutions for the major contracting problems growing companies encounter and implement industry best practices at all the stages of a contract’s life.”

Key elements of CMS are:

* Goals: define a company’s current processes and goals through meetings and questionnaires

* Playbook: develop a guide defining improved processes, contract templates and optional contract terms

* Process: streamline the drafting, negotiating and closing of contracts

* Compliance: increase compliance with revenue recognition and other regulatory issues

* Organization: organize and inventory a company’s contracts

* Reporting: deliver automated reporting of performance contract metrics

MMM’s first CMS clients say the results exceeded their expectations.

“They went beyond just handling contracts to help us improve our processes, increase visibility, identify new tools and improve velocity in support of sales execution,” said Curtis Cain, CFO of Core Security SDI Corporation. “I would recommend MMM’s Contract Management Solutions to anyone looking to outsource their contracting.”

“They took the time to understand what is important to us and delivered a customized approach to managing our contracts,” added Doug Guess, former CFO of Simeio Solutions, LLC. “We knew this was a winning partnership when our VP of Sales applauded the responsiveness and speed of the team to our board!”

MMM’s Contract Management Solutions are offered to the firm’s fast-growing clients seeking a solution to bring best practices as they grow and streamlining contracting to accelerate revenue.