Contract Management

Efficient monitoring and discovering of assets

SERVICEBEE

Servicedesk Contract Management is the management of contracts made with customers, vendors, partners, or employees. Servicedesk Contract Management includes negotiating the terms and conditions in contracts and ensuring compliance with the terms and conditions. Servicedesk contracts include sales invoices, purchase orders, and utility contracts. Our change management can be summarized as the process of systematically and efficiently managing contract creation, execution, and analysis for the purpose of maximizing financial and operational performance and minimizing risk

Servicedesk Contract Management has a feature to change the agreed contract later on. So that the whole contract remains enforceable under the new arrangement.

  • For most people is to get all of their existing paper contracts in a central visible place.
  • Once you know where all your contracts are, the next step is to track any important data so you don’t miss any.
  • Companies need an approval workflow process to ensure that risky contracts are reviewed and approved by the right person.
  • "Fingertip access” to contract terms and data allows people to react quickly.

-> Active or Expired

  • Servicedesk calculates and displayes the status of the contract whether it is active or expired and have feature to renew the contract with the same vendor.
  • Search for open and expired contracts effortlessly by selecting the view created against contract.
  • The Contract Management is used to register contracts with third parties, suppliers and internal customers. Set up email notifications before contract expiration.
  • All contracts are saved at one location, creating clear overviews of current suppliers.
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-> Approve

  • Companies need an approval workflow process to ensure that risky contracts are reviewed and approved by the right person.
  • Some risks need to be approved by legal, some by management, some by special departments like credit, etc. Ideally, safe deals are pre-approved.
  • Associate vendors along with contract details to ensure accountability.
  • When the contract get created between both vendor and organization, email alert will be sent to both the parties as an email.
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-> Renewal Reminders

Reminder Reminders help to evaluate your options and optimize contract terms before renewal dates.

-> Analyze

"Fingertip access” to contract terms and data allows people to react quickly to new scenarios and deal with time-sensitive risks.

-> Capture

For most people is to get all of their existing paper contracts in a central visible place. If you have no clear idea what contracts you have, then you have no idea what your potential risk exposure is.

-> Track

You can track where all your contracts are, the next step is to track any important data so you don’t miss any. This affects both old contracts and newly signed contracts.

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