Contract Management
b-pack manages full contract life-cycle and compliance
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According to Aberdeen, nearly 50% of all companies reported poor visibility into supplier contracts. This lack of visibility makes it imposable to track, enforce, and comply with existing agreements. 80% of enterprises are using manual or only partially automated processes to carry out contract management. Billions of dollars in, pre negotiated, savings are literally being overlooked.
b-pack contract management allows for the easy tracking of:
Integrated Contract Managementb-pack's contract management is embedded with all the functions of the purchase-to-pay cycle including sourcing, supplier management, and supplier score-carding.
Compliance Features:
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Contract Authoring
Contract authoring is a customer driven workflow that enables contract building within a structured process. Following the sourcing and supplier selection process, clients use the clause repository to quickly generate contacts. b-pack includes features like risk management, contract version management, and an attributes repository to streamline you workflow.
Key Benefits
- Contract repository with entire lifecycle management and attached documents
- Attach any type of document (doc, pdf, Excel…)
- Contract request, authoring, negotiation and approval
- Minimum, maximum, allowed amounts and validity dates follow-up
- Real-time monthly and global spending follow-up
- Amendment management including change of vendor and detailed data traceability
- Manual or automatic renewal with alert
- Contract status integrated in procurement processes
- Ability to set up all types of contracts with properties
- Catalog related contracts
- Purchasing classification contracts with automatic selection
- Supplier’s agreements with simplified procurement process
- Automated recurrent contracts (utilities, rentals, …) with direct invoice entry
- Periodically managed or manual due dates
- Integration in dashboard and report generator
