FULL CONTRACT LIFECYCLE MANAGEMENT
Key stakeholders from across the organization can generate new contracts, access legacy contract information and monitor contract performance to optimize buyer-supplier relationships throughout the contract lifecycle.
Via a centralized repository, access all contracts, carry out searches based on a variety of parameters, customize notifications, and manage administrative functions.
SPEND MONITORING FOR CONTRACT COMPLIANCE
Promote contract compliance through predetermined threshold levels that help track invoice spend. Alerts notify when thresholds are met. Full ad-hoc report capability allows status views of contracts and clauses.
STREAMLINED ROUTING, APPROVAL & AUTHORIZATION
Following contract creation, streamline the routing, modification and approval processes, reducing the amount of time and resources spent on contract management.
AUTOMATED CONTRACT CREATION
Through the use of templates and preapproved clauses, quickly create new contracts or easily amend existing ones.
PROACTIVE RENEWAL MANAGEMENT
Enable timely contract renewals via notification of expiring contracts. Contract start and end dates are automatically highlighted and tracked, and expiration alerts ensure that sufficient time is allotted for renegotiation.