Contract Management
Contract Management enables teams to create, store, and manage project contracts with structured workflows and version control.
It standardizes how contractual records and approvals are handled across projects.
Contract Creation and Storage
Create and maintain structured contract records and documents.
Create digital contract records
Capture contract details such as parties, scope, and values in structured formats. This provides a reliable contract database.
Upload and manage contract documents
Store signed agreements and supporting files securely. This keeps all contract documentation in one place.
Organize contracts by project and type
Classify contracts based on project, vendor, or category. This enables easy search and retrieval.
Maintain contract metadata
Record key information such as start dates, expiry dates, and contract value. This supports tracking and reporting.
Workflow and Approval Management
Control contract reviews and approvals through defined workflows.
Configure approval workflows
Set up multi-level review and approval steps. This ensures contracts are validated before execution.
Track contract status and progress
Monitor drafts, reviews, approvals, and executed contracts. Teams always know the current stage.
Assign roles and responsibilities
Define users responsible for contract actions and decisions. This improves accountability.
Maintain audit trail of actions
Store a complete history of approvals and changes. This supports compliance and governance.
Change and Amendment Management
Manage contract revisions and variations in a controlled manner.
Record contract amendments and variations
Capture changes to scope, cost, and timelines. This ensures all modifications are documented.
Link amendments to original contracts
Maintain clear relationships between base contracts and revisions. This preserves contract history.
Track impact of changes
View financial and scope impact of contract updates. This supports informed decision-making.
Maintain version control
Ensure only the latest approved contract version is active. This avoids confusion and errors.
Integration and Reporting
Connect contract data with other project systems and reports.
Link contracts with cost and payment modules
Connect contract values with billing and payment processes. This ensures financial consistency.
Feed contract data into reports and dashboards
Use contract information for analytics and performance reporting. This improves visibility.
Enable cross-module data consistency
Share contract records across related modules through connected services. This creates a single source of truth.
Support compliance and audits
Provide structured records for internal and external reviews. This simplifies audit preparation.
