b-pack Contract Management Software

A common complaint is the poor visibility of nearly half of all companies today.  The lack of the needed visibility into supplier contracts make it almost impossible to enforce, monitor, and comply with existing contract agreements.  Traditionally, majority of enterprises use manual or partially automated contract management processes and functions. Due to this, a great number of potential savings are wasted away due to inefficient practices.  

b-pack’s modular applications for contract management allows you to easily track your chain’s rebates and discounts, milestones, service performance and quality, and delivery.  It features integrated contract management that is very efficient in delivering  functions from purchasing to payment that includes, but would not be limited to, sourcing, management of suppliers, as well as evaluation of supplier performance.

Effective Contract Compliance With b-pack Contract Management Software

b-pack Contract Management Software features contract compliance useful in authoring and creation of contracts in a customized workflow, efficient storage of contracts in repository, and application of contract clauses across procurement chain.

Contract authoring is a customized workflow which allows structured contract building processes.  Clients can use its sourcing and supplier selection process as the backbone in the generation and repository of contracts.  b-pack highlights its excellent features for contract management, risk management as well as repository attributes that will help streamline an organization’s workflow.

Organizations that use b-pack Contract Management Software will be able to effectively function in contract repository for end-to-end lifecycle management of contracts and documents attachments.  Attachments may come in different file formats used in most document processing and filing applications.

Key Benefits Of Using b-pack Contract Management Software

b-pack Contract Management Software allows real-time global and monthly spending monitoring, with other functions allowed other than authoring such as contract requisition, negotiations and even up to approval.  For compliance monitoring purposes, this application allows functions to monitor minimum and maximum amounts allowed and follow through on validity dates to avoid costly lapses.

Easy and traceable amendments can also be possible with b-pack’s management application, allowing easy customizable process in changing a vendor and detailed data revisions audit.  Notification alerts can be set for any manual or automatic contract renewal.  For more convenience, you can choose to integrate your procurement processes with the contract status.  You will be able to set up any type of contract with this contract management software, and even those which are catalog-related.  You can even do automatic selection to make contracts for purchasing classification. 

Compliance to supplier’s agreements can be easy with the use of simplified procurement processes.  You can also use the application to conveniently automate your recurrent contracts such as those with your utility providers, rentals, and others.  Automated contracts may be integrated directly with invoice entries.  This allows convenient monitoring of periodic or manual due dates.  You will get to see important reports and data that will be integrated in a dashboard which comes with an efficient and easy to use report generator.