Contract Management
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Contract management is becoming the biggest concern in finance and procurement circles. Having attended Softworld in Hammersmith at the end of February it was clear that the main instigator for attendance was research into effectively managing their documents, but more importantly their contracts.

Contracts have the potential to make or break a company financially and if not properly monitored and managed could prove both costly and hazardous to your company’s position.

A study by PricewaterhouseCoopers found that companies can realise savings of up to 2% of total annual costs by eliminating inaccuracies and non-compliance through contract automation.

For a company that spends
£1bn, this translates to savings of
£20m annually.

If you would like to talk about effectively managing your contracts call 01522 881300.

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We recently asked Diane Atkins, Group Purchasing Manager and Diane Penfold, Deputy Company Secretary from Gala Coral Group to sum up the main advantages of implementing framework.

They reported:

• Global access - It can be accessed from anywhere with internet access
• User friendly and intuitive - Simple to populate and customise to meet our specific requirements
• Flexible, powerful reporting - The reporting facilities are very beneficial
• Automatic alerts - Reminder email are generated by the system which alerts us to contract reviews allowing us to compare contract costs and the value to the business
• Information repository - It is very helpful to store notes on the system in addition to the contract
• Excellent support - The helpful team on the helpdesk; when issues arise they are resolved in a timely manner

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Searching Made Easy:
From the framework home page you can use the Quick Reference Search to find any contract, product or supplier by entering a few associated letters or numbers and clicking the binocular icon.

This returns all associated results allowing you to click straight through to the required information.

The Advanced Search also allows for more powerful, refined and customised searching.

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Each month Software Europe host two online web events showcasing our contract management solution: Click here to register