eContract
The on-demand Contract Management module provides buyers with contract generation capabilities. Buyers can turn eRFPs/RFQs into legal contracts with the awarded supplier(s) or create new contracts picking from over hundreds of pre-defined contract templates and clause libraries available in the software. Our eContract module automates the entire workflow including creation of a contract draft, review/approval by internal team members, and review/editing of multiple cycles with supplier(s) while maintaining version control.
Challenges
Manually manage and track thousands of supplier contracts at any given point of time. Manual processes are time consuming and costly, leading to less than effective management and an increased exposure to risk
Time-consuming and costly contract generation and approval processes due to increasingly complex terms and conditions
Contract Leakage and compliance with contract terms
Global eProcure's Solution
Allows clients to upload and store contracts in a centralized repository providing companies with real-time insight into their contractual business relationships.
Provides users with the ability to search and run reports across a variety of parameters such as expiration date, contract terms, vendor, business unit, price, etc.
Informs legal, finance, or other corporate users of contractual commitments such as renewal dates and other key action items via automated alerts.
Provides buyers with contract generation capabilities. Buyers can turn eRFXs into legal contracts with the awarded supplier(s) or create new contracts.
For more information, please email us at info@globaleprocure.com or request our services here
