Contract Lifecycle Management


Contract Lifecycle Management

Every procurement department needs to keep accurate, relevant records of the goods and services owned by their organization. Any department incurring procurement, needs to keep a system of contract management because it is the most crucial process of managing contracts from vendors, partners, customers, or employees. It supports the entire customer lifecycle which covers any process that contributes, creates or utilizes contract data.

We offer coordinated contract management module that is capable and configurable according to the competencies an organization requires. Now, extend your contract cycle times and increase your organization’s return on investment by gaining control over revenue streams. Make contract management efficient through improved collaboration, streamlined approval processes, and increased transparency.

Benefits:

  • Increased compliance
  • Increased control and diminishes risk, lead to more security
  • Increased visibility and transparency
  • More face-time with customers
  • Reduce miscellaneous administration costs
  • Increase contract flexibility
  • Manage project accounting with bills payments and application of penalties.
  • Measure cycle times and evaluate productivity
  • Conduct contract audits
  • Perform workload planning