Contract Management

OpenContract Professional™

Manage contracts electronically and ensure contract compliance.

More and more, energy companies are moving towards long-term contracts with strategic suppliers. Procurement groups and suppliers spend significant effort negotiating these master agreements. And yet, when the agreements are rolled out, contract terms are often not communicated across the corporation, and contract compliance is difficult to monitor and enforce.

OpenContract Professional delivers the functionality you need to organize, manage, monitor, and control your contracts – delivering the value that was envisioned when the contracts were first signed. With OpenContract Professional, you can:

Access your contracts in a central repository through a secure, web-based application
Manage contract statuses electronically
Ensure appropriate approval processes for all contracts
Manage supplier contractual obligations, including notification of lapsed deliverables
Give access to your suppliers so they can view upcoming projects
Maintain a complete audit history and record of your relationship with your suppliers

A part of the OpenContract family of products, OpenContract Professional can be used as a stand-alone module, or in a fully integrated fashion with OpenContract PriceBook (pricing reconciliation and price book management) and the OpenInvoice family (electronic invoicing and spend analysis).

For more information please contact us at info@do2.com

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