Contract management system is an automated solution for managing the complete budgeting, contracts and invoice management for the company.
Business Need
The client wanted an automated system to manage their yearly budget and contract/invoices of all their suppliers including
the lifecycle from budget creation, contract initiation, execution to expiration. The system had to rely on organization budget
and to enable smarter tracking of the contracts. Client wants to improve the end to end visibility of the contracts across the
organization and better management of their budget.
Solutions
We have developed an easy way of managing contracts and budgets within the company. System helps to track all their budget, contracts and
invoices for all their supplier. System improved the productivity by providing a smarter contract management.
Key Highlights
A user-friendly administrative interface.
Admin can create yearly budget for all their services.
Ability to manage the entire process from issue of the contract.
Linking of contract to budget.
Custom workflows.
Tracking monthly service measurements by vendor.
Assign penalty or incentives.
Manage Invoices and status.
Custom Reports.
Document management.
Comparison between contract data and achieved data.