The Contracts module provides a central repository for information and documentation, enabling effective contract management processes. Capture critical contract metadata, at parent and child levels, to trigger automated actions and workflows at critical points within the contract lifecycle with a fully auditable version and action trail.
A key feature within this module is the Contract Approval Workflow where users are able to tailor the process to amend, review. and approve contracts, promoting collaboration and transparency between key stakeholders.
An organised and reportable contract management tool is essential to drive value in line with contractual obligations, reduce costs and mitigate contractual risk.