Contract
Management
It provides post implementation activities of the contract lifecycle management process beginning at contract execution through contract maintenance. The solution facilitates capturing key contract data, terms and conditions, specific clauses, performance metrics and penalties. It interfaces with existing contract database, and authoring tools. It maintain a library and set of templates. The solution has the analytical and reporting capabilities to ensure compliance with the various terms and conditions of the contract. It maintains s reference between originating contract and the new, amended, renewal and extension, thus providing ability to inherit metrics from previous contracts. The system also provides the ability to track scope and deliverable changes to a contract. Contract administrators can choose measurable items from Service Level Agreements and Contracts, such as levels of availability; serviceability and performance such as fill rates. It can monitor pricing agreements within a Contract for goods and services and report on variance. The solution has the ability to schedule monitoring sessions through meeting notices, upload meeting minutes and action items for monitoring/feedback sessions, the ability to raise and resolve issues with vendors, document and address vendor disputes and devise/setup a vendor performance improvement plan, and ability to build, deploy and analyze surveys for contract and vendor performance across contracts. It allows for inheritance within referencing contracts such as insurance certificates and solicitation data across all contracts. It facilitates comparing clauses, terms and conditions across contracts.
