Contract Management

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Upgrade Your Business With Contract Management ERP Module

The ERP systems of welsoft provide a powerful contract management module, which can handle the entire workflow and contract process. The advanced features of welsoft enable managers and business owners to stay ahead of their competitors and identify the next key step in their business strategy.

their business strategy.

This module:

Monitors a contract through all its stages to ensure financial RISK is minimised.

Would ensure the deadlines of the contract are met without losing the QUALITY of the services / goods offered.

Helps to define the business RELATIONSHIP with respect to T&Cs, deliverables, and billing easily.

Acts as MULTI FACETS of a business - be it vendor relations, sales contracts or anything in between.

Welsoft Technologies Pvt Ltd

From contract quotation to contract auto-generation, contract dispatch, SLAs, invoicing and billing, contract management module provides you with one central source of information for tracking the status of each contract in real time through a web-based ERP framework. The contract management module of ERP systems is also integrated into other modules including the operational / fixed asset module, the financial module, the inventory module, the procurement module and the human resource management module.

"By integrating the contract management module into the ERP system, business operations can reduce communication errors and assist you in tracking relevant metrics such as developing actionable insights."

BIG Benefits Of Having Contract Management Module

Standardize your quotation structure, including pricing, discount and approval policies; and send them directly to the customers. This will allow you to handle quotes more quickly by streamlining the preparation of quotations. Quotes are translated automatically into orders without having to recheck the data to streamline the order phase.
Manage all terms of the contract such as complete payments, installment-based payments, booking terms and agreement. This feature help owners to easily maintain the booking and registration process of various business departments.
The contract management module is automated to monitor the lease start and end dates and trigger renewals, terminations through predefined rules. It is capable of handling of lease contracts & billing operations. It also helps in generating contract expiry and renewal reports.
Defining SLAs shall ensure that the service governance principles are followed. Classify parameters for service requests such as initial responses and contractual rates. ERP software is designed to be highly customizable in order to have a cascade-down effect on individual tasks, vendors and consumers.
Create schedules for planned and preventive management over different contract periods and monitor them using SLA tools.
The ERP system tracks important information such as dates and provides automated reminders and features that allow users to schedule notifications when necessary by eliminating the manual process.

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