CONTRACT MANAGER

Benefits to you

Automate contract creation — save on overhead and never miss a deadline

• Set up new contract templates in Microsoft Word, plus approval processes, user-defined authority settings, and audit trails.
• Create new contracts, statements of work, exhibits, amendments, all notes and attachments for recording your negotiation strategies, and activity tracking. Convert pre-existing or legacy contracts using CVM’s tools and conversion services.
• Negotiate your contracts: release the contract to the supplier, generate notifications, enable comment tracking and accept/approve/decline changes by supplier, and produce final contract copy. Obtain appropriate internal approvals from business owners/requestors, risk management, information security, and legal.
• Execute contracts by electronically signing them, or attach signed hard copies for storage and bind the final contract. Tie contract to POs in appropriate transactional ERP systems to enable off- and on-contract spend reporting with CVM Spend Analyzer.
  
  

Mitigate supplier risk with enterprise-wide contract visibility

• Store contracts in a central and searchable repository for enterprise-wide visibility and reusability.
• Search contract database by key contract attributes such as contract name, number, type/category, purchasing manager/buyer, line of business, business owners, risk profile, salient dates, and contract documents. Enable role-based access privileges to users on important contract details, including contract documents.
• Analyze contract data from any dimension and to any level of granularity. Any Excel user can easily analyze a contract by type/category, contract hierarchy, supplier attributes, agreement type, business unit, business owner, commodity, contract manager, and salient contract dates.
• Report analysis results with a host of standard reports, plus interactive or ad-hoc analyses using an Excel pivot-table-like reporting interface.
  
  

Track compliance and service-level agreements to reap negotiated savings

• Monitor your contracts for supplier compliance, expirations, renewals, and amendments. Track payments and Tier 2 supplier diversity participation against goals. Easily analyze your existing commitments.
• Analyze supplier performance against contractual commitments including insurance, compliance, performance, spend, and other attributes. Solicit internal feedback on supplier performance.