Contract management
with Basware

Manage contracts with ease

Often companies spend a lot of time and money officially recording agreements with suppliers and customers. Everything is meticulously sealed corporate legalese, often with the help of specialists.

Five hundred page contracts are no exception today. But after that, it actually begins: executing the contract.

Digital, smart storage of contracts

It is often difficult for clients to monitor the supplier's compliance with the agreements made, especially when contracts are concluded scattered throughout the organization and when they are managed manually.

As a result, there is little grip and sometimes no action is taken in time when the validity expires, resulting in a lost opportunity to renegotiate price or purchase terms. Without having a system in place, companies are blind to all the risks that contracts encompass. So why spend so much time and energy drafting a contract?

Our contract management solution provides a good basis for managing procurement contracts. By storing procurement contracts digitally in a central location, users get a good overview of current contracts and their financial value. As a result, less time is lost looking up and searching through documents.

Signal function

Contract owners receive timely signals about contract expiration and relevant stakeholders receive notifications about deadlines. All together, this reduces risks for the organization.

Of course, this software has a contract-level audit trail, so you can see exactly who made what edit at what time.

Functionality

• Extensive search function for searching contracts by keyword or clauses
• Notifications for expiring contracts
• Unlimited number of users
• Unlimited number of contracts
• Relevant rights to add, view or modify contracts
• Registration and visualization of changes and actions on a contract
• Digital signing
• Approval workflow