Contract Management

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Without the right tools to effectively manage and monitor contracts supplier agreements can roll unchallenged from year to year, locking you into increasingly poor pricing and service terms. Protect your organisation, reduce contract risk and lower costs with web3 Contract Management – a secure cloud repository for all your contracts with a comprehensive feature set.

CONTRACT MANAGEMENT BENEFITS AT A GLANCE

ESTABLISH A SINGLE SOURCE OF TRUTH

Eliminate silos and reclaim your contracts from desk drawers, cabinets and PCs across the organisation. Put all your documentation in a single, easily accessible, secure repository.

PROACTIVE RENEWAL MANAGEMENT

Automated alerts make missing contract renewal and review deadlines a thing of the past. Put an end to ‘evergreen’ contracts that roll over from year to year at increasingly unfavourable terms.

COMPLETE VISIBILITY AND CONTROL

Your contracts dashboard offers a highly visual and intuitive view. You can view contracts by type, value, category, expiry date and more.

POWERFUL SEARCH FUNCTIONALITY

Instead of manually filtering through information and data, save time with the powerful search and select capabilities, across and within documents. 

Wax Digital Feature Highllights

FEATURE
HIGHLIGHTS

A secure cloud repository for all your contracts with a comprehensive feature set

Enable multiple contract types
Manage supplier contracts, sales contracts, employee contracts and more, all with configurable metadata that captures the relevant information according to contract type.

Link multiple contracts
Create parent and child relationships between contract documents. Add contract variations to account for changes over time and keep control and audit with comprehensive contract versioning.

Security assured
Assign users different security levels from view only access, through to administrator. Role permissions define which documents and what level of detail a user can see; while for particularly sensitive documents you can specify user permissions that overwrite general permissions.

Automate reminders and planning
To ensure contracts are reviewed regularly, project plans can be built around them. Add in review dates and measurements against quarterly deliverables, which will send email reminders at specified intervals.

Track contract spend
Integrate contract management with web3 Purchase To Pay, or any other source of spend data, to keep a close eye on expenditure against individual contracts across the organisation.

Wax Digital Feature Highllights

FEATURE HIGHLIGHTS

A secure cloud repository for all your contracts with a comprehensive feature set

Enable multiple contract types
Manage supplier contracts, sales contracts, employee contracts and more, all with configurable metadata that captures the relevant information according to contract type.

Link multiple contracts
Create parent and child relationships between contract documents. Add contract variations to account for changes over time and keep control and audit with comprehensive contract versioning.

Security assured
Assign users different security levels from view only access, through to administrator. Role permissions define which documents and what level of detail a user can see; while for particularly sensitive documents you can specify user permissions that overwrite general permissions.

Automate reminders and planning
To ensure contracts are reviewed regularly, project plans can be built around them. Add in review dates and measurements against quarterly deliverables, which will send email reminders at specified intervals.

Track contract spend
Integrate contract management with web3 Purchase To Pay, or any other source of spend data, to keep a close eye on expenditure against individual contracts across the organisation.

NEXT STEPS…

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