Contract Management
Key Benefits
IWT’s Contract Management solution organizes contract administration activities by delivering on-demand access to contract information such as term, documentation, bond tracking, and named resources. The application eliminates disparate contract tracking activities and make-shift solutions using spreadsheets or outdated database applications. Plus, IWT's Contract Management solution sends reminders by email of upcoming expirations and renewal options. Risk Management benefits through the integrated insurance certificating tracking tool.
* Provides one centralized system for all contract documents and attachments eliminating data scattered across paper documents, word processors, spreadsheets, databases and address books. All contract documentation including key supplier information, contract term (and renewal options) related resources, attachments, insurance certificates, notes, and reminders are available from a standard web browser.
* Manual supplier management and related record keeping is replaced by online supplier “self” registration and classification providing a centralized database of approved suppliers. Suppliers can be given responsibility for profile management and commodity classification, removing this burden from the buyer.
* Interactive online forms increase accuracy for the user when creating, updating, and managing contract and insurance certificate information.
* Copy previous contract information reusing the data in a new contract.
* Provides the ability to create re-useable document libraries eliminating duplication of work streamlining future contract management activities.
* Reminder emails are easily configured with timing and repetition determined by the user.
* Government and education customers may provide public access to active contracts enhancing public relations.
* Role based security and audit trail generation help to ensure compliance with centralized policies and procedures.
Key Benefits
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