Contract / Vendor Risk Management (VRM)

Contract Management Software

Contracts bring a certain assurance that your business will proceed without a hitch. They are the building block of any business relationship. But maintaining and managing them is a nightmare. Ask us, we know. With a well managed contract system, you will be able to have better vendor-supplier relationships, reduce risks, and bank on all opportunities.

EnavPurchase's Contract Management feature is equipped with the ability to store, manage and retrieve contracts and purchase agreements with all the purchasers. You can standardise the whole process so your company's contract management team saves time and works more efficiently. It also pulls out all the existing contracts based on the product and supplier chosen.

Contract Management Features

Gain unmatched contract visibility
Track contracts and commitment with ease
Mitigate risks and unearth opportunities for saving
Automate reminders and renewal alerts to never miss a deadline
Ensure compliance with built-in audit trails and approval workflows
Centralize contract templates and clause libraries for consistency and speed

Why EnavPurchase's Contract Management?

It is integrated and secure
It maximises profit
It is fitted with a user friendly interface that optimises contract management
It automatically tracks an invoice matches it against the contract terms It automatically alerts the user when a contract
Approaches expiration letting you generate a new contract well ahead of time to ensure smooth procession of services and supply

Vendor Risk Management Software

A vendor is as important to the company as his client. Without him, the demand and supply gap would never have been bridged. A good vendor is practically an asset to your company. If the relationship between you and the vendor is positively strong, then the vendors do go out of their way to ensure you get the best that money can buy. But some of them just fail to deliver. One can only hope that your company does not deal with such vendors. You can't get lucky all the time. It also saves you a great deal of stress to know that you are doing business with a reliable vendor.

A reliable vendor not only ensures timely delivery and quality products but also contributes significantly to the overall efficiency of your operations. They become an extension of your business, understanding your goals, standards, and expectations. Over time, a trusted vendor can offer valuable insights, suggest cost-effective alternatives, and even help you stay ahead of market trends. Building a long-term partnership with such a vendor fosters mutual growth and trust, creating a win-win situation for both parties. Ultimately, the success of many business strategies often hinges on the dependability and integrity of the vendors you choose to work with.

Vendor Management Software Features

Have access to all vendor information in one place
Gain full clarity into supplier information and rightly assess risks
View fully updated profiles of the vendors
Improve vendor selection and performance
Increase savings
Ensure contract compliance

Why EnavPurchase's Vendor Management System?

You can build a centralised and approved repository of all vendors
Improved risk management facilities
Get regular status updates from the community
You can implement a standard supply management structure to ensure smooth operation
Promote healthy vendor competition

Free Consultation !

Please contact us for a free consultation or a free quote for all of your technology needs!