Wax Digital Contract Management

Purchasing contracts are pivotal documents in detailing the terms, pricing, service levels, and obligations to which a supplier is bound. With often hundreds or thousands of agreements in place, it is essential that organisations can effectively create, manage, and control these supplier contracts.

Wax Digital Contract Management delivers total control for any type of contract or business agreement, allowing your organisation to automate the entire contract lifecycle from creation and storage to management of system and/or event generated alerts and notifications. Buyers and suppliers can collaborate on documents, leading to consistent, easy to reference documents that deliver complete visibility across the organisation.

By exposing data to other modules within the eProcurement solution, Wax Digital Contract Management provides the foundation for fully automated supplier performance monitoring, and enables procurement professionals to identify and monitor any deviations to supplier contract terms.

Standard module features

Organisations often have very different views of contract management, and their requirements can range from a simple document repository to a complex document creation, collaboration and analysis toolset.

As a result, Wax Digital Contract Management flexes to suit, with an entry-level option that delivers:

  • Central document repository for all contract documents
  • Store and manage multiple contract types (eg products, materials, services)
  • Track and manage contract renewals
  • Automated alerts against key milestones and events
  • Powerful document and data search and select functions

Where a business is looking to fully embrace electronic contract man- agement, we can deliver total process automation with the inclusion of:

  • Electronic document templates and clause libraries
  • Intuitive document build wizards
  • Collaborative document authoring, with internal and external stakeholders
  • Online document approval and negotiation
  • Agreement controls, audit trails and reports
  • Automated supplier performance management

To find out more please contact us via this form or call on +44 (0) 161 3678375.
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