Contract Optimisation

ContractX is an efficient solution for all types of contracts which offers significant commercial and procedural benefits and a rapid "return on investment".

The centralised repository coupled with its decentralised data capture enables enterprise wide visibility of specific contract information such as costs, quantities, schedules, legal dependencies, references, etc.

Contract transparency and rapid data access improves the management of contractual engagements and helps to avoid costly mistakes for example, missed renewals, and re-negotiation opportunities.

ContractX enables an organisation to PROACTIVELY manage its relationships with contracted partners such as vendors through:

• Evaluation and qualification of contractual partners
• Evaluation of Key Performance Indicators (KPI's) such as quality, total cost of ownership - TCO, on time shipments tracking, risks, innovation, payment reliability etc.
• Compliance conformity by sites, dispositions legal requirements and agreements
• Consolidation/optimisation of suppliers
• Visibility of offerings from co-contractors. Possibilities of more favourable renegotiations
• Adjustment of payments related to specific contract obligations and invoice verification
• Control and verification of agreed terms and terminations
• Integrated planning and reporting tool
• Management of financial obligations and critical data