Contract Management

Utilize the potential of centralized and fully integrated contract management

In the context of the increasing interconnectedness of operational and strategic processes in procurement, it is vital for core processes like contract management to be comprehensively mapped, integrated and system-based.

Seamless integration with upstream and downstream processes, such as the tendering procedure, allows purchasing departments to negotiate contracts effectively and without integration gaps.

The core content of SAP SRM 7.0 Contract Management includes:

• a central contract repository for legal and operational contracts, including
  extensive search mechanisms
• contracts available as a source of supply in SRM and in the ERP system
• easy identification of sources of supply thanks to advanced search options
• direct uploads of item selections to e-catalogs
• visibility in terms of contract usage and attainment of KPIs (e.g. prices, validity, call-off limits, tolerances, currency, etc.)
• automatic alert function when threshold values are reached
• easy use of contracts in the tendering process
• easy online and offline mass updating of contracts (with Excel)
• centralized compliance monitoring (e.g. using SAP BI)

apsolut Quick Check. Test us!

Why not put us to the test? apsolut offers a free Quick Check service. Our SRM experts will analyze your structures and business processes. With your help of course. All it takes is one day, one recommendation. We have a proven track record in providing sustainable verification of identified potential and offering expert and effective advice for project implementation and beyond. Just ask one of our satisfied customers. We look forward to arranging a meeting for you. Around 80 well-known companies have already placed their trust in apsolut's high level of professional and IT competence. Contact us today!

Download our Contract Management flyer here.