Contract performance is all about driving home business value from carefully negotiated terms. Project Management, Procurement or Sales tools don’t bring all the ‘terms and conditions’ up to par with transactions and obligations.
eContracts financial and obligation management features help with planning your overall spending and revenue during the entire contract lifecycle. This includes getting finances approved by project, sales and procurement users and allowing for financial reconciliations with ordering and financial systems. In addition, this management feature helps to gather policies and enables a holistic view of terms and conditions gathered through master and global agreements.
Financials & Obligations Features
Obligation Management
Manage and track contract obligations with effective control by connecting with the defined set of milestones. Receive performance reports, timely user alerts, and email notifications at the contractual level from time to time for possible actions.
Contract Currency Conversions
Handle your international contracts with ease and stay unhindered with the risk of the volatile currency market. eContracts allows you to draft contracts in a base currency and make payments in another.
Contract Revenue & Spend KPIs
Maintain a trail of all the financial transactions. Both, buy and spend through integrations with order and payment systems. Financial planning can be made for the payment transactions and investments based on the contract revenue and spend.
Obligation Fulfillment
Fulfill contractual obligations and convert them to assets. Commitments under ownerships are mapped into an obligation calendar that throws timely alerts and reminders, which are further configurable.
Contract Financial Tracking
Track contractual revenue and spend at fingertips. eContracts generates financial projection reports that show financial breakdowns and calculates revenue or spend, taking the contract value based rules and commitments into account.
Take your next step towards achieving full visibility of your contractual spend and revenue.
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