The contract management for vendors solution will enable you to track any contractual agreements they have with their vendors. With this functionality, users can enter the key details of their contract and then begin tracking any important dates and milestones of the contract. We could also automate many different processes for contracts to eliminate any manual process involved around managing either the vendor’s contracts or customer’s contracts.
Vendor/Customer Contract
Item Pricing
Set unique item pricing that you agreed upon with your vendor/customer and use that pricing on your purchases/sales.
Contract Clauses and
Conditions
Set specific clauses or conditions such as termination fees or notice criteria on the contract and set email reminders advising on these clauses and conditions.
Cloud Storage
Attach and store any notes and documents on the contract instead of locally on your computer. Docusign integration can be built as well
Workflow approval
Workflow approval process is optional to be activated for vendor’s/customer’s contact.
Date Tracking
Track and receive notifications on important dates related to your contract’s life, such as renewal or expiry dates. Send out an automated email notification to anyone you want, according to the dates you set. Email notifications can be custom-made with a unique message to send to your stakeholders.
Purchase/sales Assignment
Link purchase/sales orders to your contract to keep track of any purchases/sales made under a specific contract. Set an annual contract budget to control the contract spent and set restrictions in terms of which users can purchase/sales against the contract. Receive email notifications when a purchase/sales is made for the contract.
