Contract management software

Visit http://sweetptr.com/pages/index.php?refid=faizanmirza

Contract Management Software allows organizations to effectively manage the various types of contracts they engage in, including: buy side, sell side, and non monetary.

This type of software can help an organization:

• create boiler plate templates that would help in ensuring consistent contract creation that has been sanctioned by the organization's legal group,
• assist in versioning documents during negotiation and award phases,
• manage the tender / pre-contract phases of agreements ensuring that a buildup of corporate knowledge may be used for ongoing management of the contract,
• instill contract governance rules so that each type of contract follows a pre-defined or dynamic workflow but always ensures it is within the organization's established conduct, promoting corporate consistency of process and accountability,
• ensure visibility is available across all contracts to the authorized people,
• notify stakeholders of impending trigger points ensuring that contract management is pro-active, not re-active,
• validate payments, deliverables, commitments and compliance terms that are established in the actual contract, and
• ensure compliance to negotiated terms and conditions including rates, discounts, and rebates.