Force4Technology’s Contract Management System (CM) is applying technology to standardise, streamline, and automate contract initiation, creation, negotiation, execution, e-signing, and monitoring. With CM, organizations can reduce contract cycle times with improved standardization, control, and visibility of their entire contract portfolio for both suppliers and customers.
These improvements lead to lower procurement costs, increased revenue, improved compliance, lower risk, and overall gain in employee productivity. CM offers advanced analytics and reporting features, giving real-time insight into contract performance and areas of concerns and risks. This data-driven approach to contract management enables the team to make informed decisions in real-time and strategize on action plan effectively and improve compliance.
The CM platform is a robust, secure, and scalable platform that gives relevant stakeholders a 360-degree view of Contract Management in their organisation. The platform is designed with ease of use in mind with built-in tracking and monitoring of the contract lifecycle from bid award to contract closure including renewals and extensions. Integration with municipal enterprise systems is achievable and real-time supplier verification with the Central Supplier Database.
Delegation of duties ensures the right parties will review and approve the right contracts at the right time. The dashboard and reporting ensure that everyone is up to date on the contracts where action needs to be taken before critical deadlines are reached.
Key Features
Management
Easily manage New contracts, Renewals, and Extensions. Full audit log of actions taken
e-Signature
Configure and sign contracts from anywhere with a built-in robust and auditable electronic signature.
Document Repository
Document storage of all contracts and associated documentation.
Analytics
Delivers visibility and insights making it easy to track milestones and obligations in contracts.
Notifications
Built-in notification centre to keep track of important contract dates. renewals, along with email routing.
Reports
Variety of reports diving into the detail of expiring contracts, contracts in different , renewals, cash management and more.
Workflow Management
Configurable approval process with document routing, real-time monitoring and tracking, improving approval workflows.
Integration
Integration capabilities to most Enterprise Systems, using APIs to securely data transfer across systems.