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Contora brings flexibility and control to project delivery contracts to improve the performance, governance and value of supply chains. This ensures successful project outcomes.
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Discover the Value Of Co-Innovation.
IT and procurement leaders look to adopt a co-innovation approach to project delivery to accelerate results, tap into expertise, and share risk with strategic partners.
Empowering Client Delivery Leads
Unlock a powerful approach for Client Delivery Leads to achieve successful project outcomes. Here’s how:
- Enhanced Clarity and Alignment: Client Delivery Leads establish clear project scopes through co-creation workshops, thus ensuring alignment and minimizing miscommunication.
- Proactive Milestone Management: Jointly developed project milestones with client input facilitate progress tracking and accountability, thereby reducing the risk of missed deadlines.
- Cost-Effectiveness through Transparency: Co-creation promotes open communication on resources and budgets, which aids establishing realistic budgets and monitoring progress.
- Streamlined Change Management: Early client feedback incorporation helps prevent costly rework, which ensures the delivery of validated components.
- Adaptability in the Face of Change: Co-creation workshops enable adjustment to evolving project requirements, thus allowing for alignment with changing client needs.
Empowering Finance Teams
Co-creation offers significant benefits for Finance teams, streamlining financial management and ensuring project success:
- Enhanced Accountability and Accuracy: Co-creation establishes an audit trail for financial activity, thus ensuring transparency and eliminating discrepancies for stronger financial accuracy.
- Real-time Financial Visibility: Collaborative project planning grants Finance immediate access to project financials, that enables proactive decision-making and eliminates delays in financial information.
- Empowered Cost Control: Open budget discussions in co-creation workshops assist Finance in setting and maintaining realistic budgets, thereby reducing the risk of overruns and unplanned expenses.
- Proactive Cash Flow Management: Through co-creation, Finance can pre-approve expenditures, thereby managing cash flow efficiently and avoiding unexpected financial commitments for smooth operations.
- Adaptable Financial Planning: Co-creation facilitates dynamic financial planning adjustments based on project changes, therefore ensuring flexibility and responsiveness to evolving needs.
- Streamlined Financial Tracking: Integration of financial tracking in the project workflow provides Finance with real-time insights, that streamlines the monitoring and eliminates manual reconciliation for accurate financial reporting.
Empowering Your Legal Team
Discover a transformative approach for Legal teams, enabling them to proactively manage risk and ensure project success:
- Compliance Confidence: Co-creation enables early legal review, helping Legal identify and address compliance issues, which reduces the risk of legal non-compliance.
- Streamlined Compliance Tracking: Co-creation incorporates compliance tracking into the project workflow, ensuring real-time visibility on compliance statuses to prevent oversights.
- Financial and Legal Harmony: Open communication between Legal and Finance in co-creation ensures contractual obligations align with financial parameters, thereby minimizing legal risks from financial mismanagement.
- Contractual Confidence: Co-creation involves Legal in contract drafting and approval, ensuring compliance with regulations and reducing legal risks associated with non-compliant agreements.
- Adaptable Agreements: Legal can promptly amend legal documentation in co-creation to address project changes, which prevents legal issues from using outdated documentation.
- Proactive Monitoring: Through co-creation, Legal actively monitors compliance and contract fulfilment to address issues early, thereby minimizing legal risks and ensuring smooth project completion.
- Post-Project Peace of Mind: Co-creation creates a transparent environment for legal requirements, ensuring fulfilment and peace of mind for the Legal team post-project, hence the risk of legal complications are reduced.
Empowering Your Procurement Team
Co-creation offers a powerful toolset for Procurement teams, streamlining processes and ensuring cost-effective, compliant purchasing:
- Effortless Contract Management: Co-creation streamlines vendor contract development, while helping to minimise contract mismanagement risks during procurement.
- Vendor Visibility: Co-creation integrates real-time vendor performance tracking, thus allowing proactive intervention to ensure vendors meet project requirements consistently.
- Budget-Conscious Procurement: Co-creation promotes open communication on budgets and resource allocation, therefore ensuring alignment with project budgets effectively.
- Spend Control with Approval Workflows: Co-creation implements collaborative approval workflows to prevent unauthorized spending, consequently ensuring purchases meet project needs and budgets.
- Adaptable Agreements: Co-creation enables flexible procurement adjustments to match changing project requirements or vendor capabilities.
- Delivery Tracking and Fulfilment: Co-creation includes real-time delivery tracking in procurement, addressing delays promptly for on-time project completion.
- Aligned Orders and Payments: Co-creation fosters transparent procurement documentation, ensuring alignment with agreements and budgets to minimize discrepancies.
Protectagainst worker misclassification.
Are you looking for a seamless way to create and share Statement of Work contracts–with appropriate safeguards against worker misclassification?
Pay On Results
Ensure project plans are reliably delivered by suppliers on budget.
Cut IR35/ICC Risk
Avoid the errors in contracting that result in worker misclassification fines.
Save Time
Gain single view of project contracting arrangements to simplify invoice reconciliation.
Successful project outcomes every time.
Contora forms the transparent digital ecosystem that builds connections, trust and immutable SOW contracts between supplier value chain stakeholders without effort or energy. So project plans match budgets, work orders and fees match invoices:
Boost transparency and fairness across the supply chain
Fairer Projects
Each partner gives and receives value in a measurable and compliant way.
Avoid Headaches
Avoids unbudgeted project spend, reconciliation headaches, and worker misclassification hangovers!
Complex projects can be split into work packages or milestones that can be approved for payment.
Gartner Project Management Survey (2022) | PMI Pulse of the Profession Report (2023) | Standish Group Chaos Report (2021)
Faster Technology Project Results.
Unlike traditional SOW contracts that use ‘literals,’ Contora creates active contracts that adapt as projects evolve.
Easy To Manage and Administer.
Simplify contract and communications in one accessible location.
Easy To Learn From.
Know what works and reuse templates in future contracts!
Easy To Deploy.
Originate contracts using best practice terminology with our AI copilot.
Easy To Invoice.
Automate work sign-off and invoice reconciliation.
Reduce IR35/ICC risks.
Simplify compliance. Contora automatically tracks all project activity, documents, and changes, providing an irrefutable record for effortless Independent Contractor Compliance.
Get started right away.
Contora is a fully managed cloud SOW solution which means there is no need to install software or pay for upgrades.
Start the road to successful project control today !
Experience Smarter SOW Contracts.
Register for a free 30-day trial, or schedule a Contora demo today and see the difference first-hand.
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Globally, organizations lose an average of 9.9% of their project budget to project failure, with an average cost of $109 million for every failed project.
Frequently Asked Questions
A SOW is a document that outlines the scope, objectives, deliverables, and timeline of a project or engagement between a client and a service provider.
A SOW provides a clear understanding of the project requirements, expectations, and responsibilities of both parties. It helps ensure that the project is executed smoothly and that all parties are aligned.
A SOW typically includes project objectives, deliverables, timeline, milestones, resources required, pricing and payment terms, acceptance criteria, and any specific terms and conditions.
SOW platforms provide a centralized and streamlined approach to creating, managing, and tracking SOWs. They offer features such as templates, collaboration tools, version control, and reporting, which help improve efficiency and reduce administrative overhead.
SOW platforms enable better vendor management by providing visibility into vendor performance, contract compliance, and project progress. They facilitate communication, document sharing, and performance tracking, ensuring that vendors meet their obligations.
Yes, some best practices include clearly defining project objectives, scope, and deliverables, using measurable metrics for success, setting realistic timelines, involving key stakeholders in the SOW creation process, and ensuring legal and compliance requirements are addressed.
Got Stuck? Get In Touch.
We’d be happy to answer any questions you might have.