Additional information for Contract Alert
Key features of Contract Alert
View All Features
- Data Centralization
- Automated E-Mail Alerts
- Contract Milestones workflow
- AES-Document encryption
- Reporting and search tools
- User permissions
- Contract Approval workflow
- Custom fields and contract types
- Data Export to Excel and HTML
- Converts foreign currencies
Using the contract administration software not only helps you with routine tasks, but also provides the following benefits:
By centralizing your data, all your employees know exactly where your contracts information and templates are stored, and have instant access to the latest versions. Employees responsible for quality control within your company can thus verify compliance with agreements quickly and easily.
This guarantees efficiency and continuity, even when employees leave or personnel roles are changed.
Automated E-Mail Alerts
The system sends timely E-Mail warnings about impending expiry deadlines to the right people in your organization. This ensures you always renegotiate or terminate contracts on time.
By assigning each contract to a specified department or site, you can ensure that staff can only view the contracts that are relevant to their work, as assigned in their individual user profile.
Particularly for companies with multiple site operations, this software simplifies the process of identifying synergies. Harvesting multi-site data by contract type enables rapid determination of quantities, suppliers and costs.
Studies have shown that up to 20% of procurement costs can be saved by automating contract management.
Even if your company is already so well-organized, it only led to a potential saving of 3%, this would still represents a very worthwhile return on your investment.
Base for Budgeting and Analysis
The data you've entered can easily be used for future projections, and all expenses and income can be sorted by site or department, per calendar year and month. The budgeting process is therefore simplified, and based on accurate data.
Reports can be exported in Excel format for further detailed analysis and budgeting calculations.