Timely execution and renewal of Contracts is an important aspect of contract management lifecycle. Tracking Contract documents and due dates for negotiation, approval, execution and renewal becomes a difficult task when the no. of Contracts increases drastically.
Contract Management allows Users to define new / renew Contracts and accordingly send them for negotiation and/or approval. Contracts are approved and automatically distributed to Vendors.
Fastens Contract Lifecycle
Time required to get a Contract approved is significantly reduced using the built-in approval capabilities.
Contracts are stored in a secure built-in repository providing anytime easy access. This reduces the time required to search for a Contract.
All Contract Documents, negotiation details, renewals, and agreements are stored online thereby eliminating the use of paper.