Contract Management
Due North's effective contract management system reduces costs, increases savings, enhances compliance and lowers risk and legal exposures.
Purchase contracts represent all commitments, interactions and transactions that have taken place between a buyer and it suppliers and form the backbone of effective spend and contract management.
Yet many Public Sector organisations have been unable to bring valuable contract information and processes to the front lines of their sourcing and procurement activities and this often results in reduced savings, increased risks and lack of compliance.
Create and administer all procurement agreements for maximum performance and minimal risk.
Due North Contract Management System solutions provide full visibility into contracts, enhancing compliance and reporting and streamlining the contracting and administration processes. With support for all agreement types, online authoring and negotiation features, automated performance tracking, alerts and reporting capabilities, our solutions help maximise the value of contractual agreements and improve compliance.
Due North's experience demonstrates that the Contract Management System solutions can deliver measureable improvements in the following areas:
- Compliance
- Revenues
- Productivity
The fast and cost effective On Demand delivery option helps organisations leverage these improvements quickly and achieve a rapid ROI.
Benefits
- Improved planning - Configurable expiration warnings ensure lead time for sourcing teams
- Decreased Contract Cycle Time - Negotiate online to decrease contract negotiation cycles
- Enabled Team - Provide an online contract repository to allow easy access to contracts
- Captured Negotiated Values - Pull pricing directly from RFx's into contracts
- Decisions Documented - Enable your regulatory process with full audit reporting
- Guaranteed Compliance - Validate invoices against negotiated prices to prevent savings erosion
Streamline the contract process and ensure realised value from negotiated savings with our Contract Management System.
Features
- Comprehensive document repository
- Collaborative contract creation and authoring
- Key Performance Manager
- Contract Calendar
- Key Event Alerts
- Price Variation Manager
- Multi supplier management
- Compliance and full audit trail
- Secure, fully managed service (Saas) ensuring fast and cost effective deployment
- Fully integrated with Supplier Management and Sourcing Solutions
Due North Contract Management System Solutions
Due North Contract Management solutions are designed to streamline and improve collaboration, visibilty and control for all agreement types across the entire contract management lifecycle, including:
ProRegister - A first point of reference for visibility of existing contracts. It facilitates the recording of details relating to awarded contracts and framework agreements across one or multiple organisations.
ProMonitor - A facility to monitor and measure vendor performance against predetermined KPI's. Savings can be tracked and automatic alerts inform buyer and supplier of key dates such as reviews, expiry dates etc.