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Sysoft Contract Management system focuses on past implementation activities of the contract management lifecycle process beginning at contract execution through contract maintenance. The solution facilitates capturing key contract data, terms and conditions, specific clauses, performance metrics and penalties from existing custom developed applications. The solution also has analytical and reporting capabilities to ensure adherence to the contract and is in compliance with the various terms and conditions of the contract.
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Benefits
Our Contract Management Solution facilitates capturing key contract data, terms and conditions, specific clauses, performance metrics and penalties. The solution also has analytical and reporting capabilities to ensure adherence to the contract and is in compliance with the various terms and conditions of the contract.
Our Contract Management Solution addresses the following objectives for effective contract management, and vendor report card maintenance system:
- Ability to monitor contract performance based on quantitative and qualitative metrics using defined and expected deliverables, agreed contract pricing, quality of products provided and/or services rendered and customer service support.
- Enforce contract compliance by managing vendor relationships through visibility into contract terms and conditions and provides comprehensive assessment of contract execution.
- Allow contract administrators to build a rapport by facilitating communication with both vendors and organizational units (end users) on a consistent basis by conducting contract-briefing meetings for feedback, evaluation, and rating.
- Provide consistent monitoring and continual assessment for both, current contracts, resulting in better execution, and future solicitations, allowing for better supplier selection.
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2010,
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