Legally binding contracts and agreements are the basis for almost all business transaction. They contain clauses, conditions, periods, obligations and milestones. The IT organization has to maintain and manage these conditions of the entire lifecycle of the contract. This is the only way to maximize their business benefits and minimize costs and risks associated with contracts. Especially for the area of IT you have to deal with very complicated contracts and the agreements for a particular job or service are increasing dramatically.
The tool contract management enables full control over supplier contracts and supports all agreements like order, rental, leasing, maintenance, costs, call and customized contracts. It combines the contractual relationship with the service level agreements and the supplier contracts. It provides performance parameters as a basis to assist during the renegotiation of conditions of suppliers.
Automated notifications and alerts help to ensure the time control and the full compliance with all agreements. This includes avoiding contract penalties and a continuous maximizing return of every contract.
Deposited payment plans reduce the manual administrative cost and improve the efficiency. The management of contracts is easier and the supplier relationship is improved.
Here are some screenshots of the Contract Management. By clicking the thumbnail you'll get to the original size in a new window (1280 x 960 Pixel):