Ever discovered that a contract has automatically renewed for another year or more? That you’ve missed an opportunity to negotiate a better rate? Someone has left the organisation and you can’t remember when a contract expires?
Intec’s Contract Management System allows you to save all the information you need in one place including scanned copies of agreements and other pertinent attachments. Along with this basic contract information you can assign it to internal Contract Administrators, Managers and Reviewers and set alert dates and escalation so that a contract renewal is never missed. This allows you to pro-actively manage your contract renewal process to get the best value for money from your suppliers.
For larger distributed organisations with many purchasing departments it’s possible to see the total amount of business placed with suppliers across the whole organisation, again this can assist with rate and contract renewal negotiations and ultimately reduce supplier costs to the organisation.