Contract Management
What is Contract Management Module?
Institutions have many respondents serving in different fields. Institutions carry out their sales, rent, service, etc. relations through contracts. A contract management module is needed in order to ensure effective follow-up and management of all phases of contracts.
BENEFITS
Considering that institutions have to follow up hundreds of contracts annually with their counterparts depending on their size, it becomes clear how important contract follow-up is for corporations.
The content of the contract should be easily accessible by the interested parties.
Exceeding the contract expiry dates often harms the institutions. For this reason, it is important to follow the contracts in terms of time.
It is important to keep and follow up the agreements signed by the parties. Because contracts usually remain in force between certain dates
When the contract is signed by the parties, the contract implementation process will begin.
FEATURES
Contract metadata may vary according to the needs of the institution.
Metadata such as contract partners, start and end date, contract type, contract amount, currency, contract name, contract number are some of the metadata used.
Contract metadata is used to monitor, report and direct contracts.
After the contract document reaches its final form and receives the necessary approvals, it is usually published to the relevant parties to be signed with a wet signature by the addressees.
In order to control the contract preparation time, time management and status tracking features are needed during the preparation stages.
Document comparison features are also needed in order to determine the points of change.
It is foreseen that there will be numerous changes on the contracts during the approval processes. Therefore, version tracking features are required in contract management.
Opinions and approvals are required for the creation of the contract text.
It is important that the contract documents are prepared on the basis of defined templates in order to comply with the corporate identity.
In the process of preparing contract documents, institution officials who are experts in different subjects often need to work together.
The process of keeping and tracking the contract document signed by the parties
The process of preparing the contract text or document
GALERİ
