Vendor Contract Management
Contact Management is module of Asset Management – You can create and track contracts between 3rd party or outside suppliers, this ensure product quality, consistency and at the right price.
The main objective of contract management is to maintain a complete record of contracts of your company with third-party vendors. You can track contracts that are for lease, software licenses, maintenance or even custom contracts.
Get a complete overview of all activities related to a contract, and get decision making stats on expiring licenses or expiring contracts.
Contract management will help you make appropriate decisions based on usage and value of the IT resources to the business. The system can send notification for expiring contracts or upcoming renewals of contract. You can plan everything in advance.
The system offers sending contract approval request within the organisation. Get the contracts approved and make sure the right contracts are activated or deactivated at right time.