With integrated contract management tools, you can maintain a centralized view of all vendor contracts to ensure compliance with contract terms and conditions. Stay ahead of contract renewals, warranty expiration, and other key contract milestones as part of a proactive risk management strategy. A contract audit log tracks all changes to the contract so you have a permanent history of modifications.
Instead of sitting in a file cabinet, important contract information is available in a conveniently searchable, central database.
Contract documents, modifications, warranties and other documents are available to all members of the team involved in managing the engagement.
Maintain information on scheduled contract events and milestones and set up alerts in advance of renewal dates.
All changes to changes to contract data are logged with the date, time, user identification so that you have an auditable log of contract history.
Maintain a current catalog and price list for your contracts.
When combined with the ProcureWare sourcing module, you can quickly create a contract at the time of bid award to seamlessly begin post-award contract management.
Easily generate historical and current contract information regarding capacity by category, service area, department, and other criteria