ITBID Contracts Management eContracts module provides agility, control and efficiency on integral lifecycle management of contracts or purchasing agreements with one or more suppliers.

Today, in this global, dynamic world, proper management of your contract cycle is key to ensure that we are capturing all the value generated through optimal negotiation awarded conditions. (price, terms and conditions) 

Contracts Management allows, if desired, sharing the documentation with the supplier and requesting its approval, to ensure that both sides agree with all points.

Price Lists based on the agreement can be uploaded or dowloaded directly from the system through and Excel. There's also an option that allows you to make massive modifications on prices with just one click.

Benefits

• Associates contracts and agreements with negotiations
• Total control and traceability of key contract parameters
• Manages calendar of contracts to process renewals in an organized fashion.
• Manages approvals and decisions of all users involved (purchasers, departments, suppliers, etc).
• Total traceability in the register of communications and decision-making