E-Tendering Contract Management system

1. Contract Management system Lotusprocure.in

2. E-Tendering Contract Management system • E-Tendering contract management system is essential parts of supply chain management that provide saving potential. • Contract management system works with managers in supplier relationship, goods and services that have negotiations. • With digital Procurement system, one can maintain on identifying routine factors. These performance factors are significant for successful deliverance and organization of the benefits. Lotusprocure.in

3. Lotusprocure.in

4. Why businesses need to include Contract Management system Even when someone does conceptual business economics work with acute proficiency, still it is very challenging to doing same work repeatedly. Transformations are necessary for every supply chain manager rather than only improving operations to produce great results while handling constant pressure of maintaining low costs. Lotusprocure.in

5. Lotusprocure.in

6. What are the Transactional benefits?  Electronic procurement helps the paying procedure of a purchase happen on the internet. Businesses may use web-based transaction tools and e-Tendering Invoice, where goods or services are fundamentally selected from catalogs that are pre-sourced and provided for electronic approval. The system then is linked to an Enterprise resource planning system’s back-end to facilitate entry, e-Tendering Invoice payments, and collect procurement management information. Lotusprocure.in

7. Easy to access Contract agreements With contract management, companies can organize and store contract records in a centralized and easily accessible repository. One can just click on the mouse to review and download agreements, by guessing where the contract documents are located and giving the business a visibility where contracts are kept at that instant. Lotusprocure.in

8. Managing information advantages Key identifiers may be product codes, cost centers, and so on. The unique identifier codes decrease errors and offer exceptionally detailed daily accessible data. This is needed to make the best use of data for strategic sourcing. Electronic-procurement effectively implemented will provide high-end comprehensive information. It will put off extra expenses on functions like data warehousing or mining. Lotusprocure.in

9. Smarter spending and more managed database With contract management system, you have to penetrate and organizing functionalities and can rapidly locate what documents are required. With a contented catalog of the organization’s agreements, the first way to reduce off-contract operating expense can be formulated. It will help contract managers to promptly search all types of agreements being searched. Furthermore, with a prepared database, businesses may be capable of paying out smartly. Lotusprocure.in

10. Thank You Lotusprocure.in