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ST6 Contract Management
“Which contracts do I have to renegotiate this month, because they expire in the next quarter?” “What legal documents should be attached when I close a contract with a Chinese supplier?” “How do I comply with the Sarbanes Oxley Act?” “What percentage of my orders is based on contracts & master agreements and how big is the problem of maverick buying?” “How can I speed up the approval workflow for contracts?”
SynerTrade 6 Contract Management enables a simple and effective management of all purchasing contracts across your organization.
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1. Contract Database & Material Master (Product) Database: Complete organization wide database of all purchasing contracts. Easy search for contracts by material group (commodity), product, contact person, supplier, etc... Mapping across organizational units, unifying classification schemas and wording.
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2. Contract Approval and Renewal Workflow Management:
Contract expiration reminder management.
Negotiation progress management on a product by product database.
Escalation management.
Approval team management and supplier contact modelling.
Supplier collaboration on contracts finalization and online supplier approval management of changes.
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3. Internal Contract Publication and Access Right Management:
Powerful View & Access Right management differentiated by division, organizational unit, role, commodity and other criteria.
Pdf Generation for physical contract signing.
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4. Contract Audit Trail, Change Tracking and Version Management:
Full documentation of all older contract versions and negotiation results.
Audit-Trail of all contract modifications also in the negotiation phase (who, what, when, etc.).
SynerTrade Value :
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One click conversion of negotiation results/placing scenario into draft contract.
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Powerful contract and approval workflow template management.
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One click creation of RFx from existing contracts.
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Powerful Product (Material) and Product (Material) Component Data Base.
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Real-time exchange/updating of contracts to one or multiple ERP systems (via SynerTrade 6 Plug-In-ERP).
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Handling contracts resulting from online & offline negotiations.
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Sourcing
Suppliers Monitoring
Publications
