What should good contract management software be able to do? Here are the 8 most important functions you should look for.
1. Central contract overview
All contracts in one place, with clear status indicators and easy search functionality.
2. Document management
Store all contract documents, appendices and correspondence linked to the right contract.
3. Expiration monitoring
Automatic alerts for contract expirations and renewal deadlines.
4. Financial tracking
Track contract values, indexations and budget versus actuals.
5. Performance measurement
Monitor KPIs and SLAs to ensure suppliers deliver on their promises.
6. Action management
Track tasks and actions related to contracts with clear ownership and deadlines.
7. Reporting
Generate reports for management, stakeholders and audits with a few clicks.
8. Integration capabilities
Connect with your ERP, FMIS and other systems for seamless data flow.
Looking for contract management software that has it all? Explore our Contract Dashboard.