Benefits of Contract Management
BravoSolution’s Contract Management tools provide the strategic foundation for managing supplier relationships effectively.
Contract milestone tracking, expiry alerts, secure document repository and a grasp on historic contracts are necessary to optimise contractual supplier relationships and overall contract performance to ensure contracts are managed pro-actively and savings/value does not erode value hard won at the sourcing phase.
The solution enables you to get timely insights into contract obligations, exposures, expirations, changes and renewals delivering greater control over your contracts, reducing costly oversights and exposing potential risks.
The Contract Management module is accessible via a customer branded strategic sourcing portal and also fully integrated with the BravoSolution suite, including: Sourcing Dashboard, Spend Analysis, eSourcing and Vendor Relationship Management modules.
With BravoSolution, you can control the entire contract lifecycle, ensuring that contracts are visible, controlled, and managed in a timely fashion, extending the value of your sourcing and compliance programmes. Automation of the events of the contract lifecycle, including expirations, renewals, warranty periods and price changes are made possible. Additionally, all contract information is easily reused for other supply management activities such as sourcing, supplier performance management, and category team collaboration.