Contract Lifecycle Management

Contract Lifecycle Management

Every procurement department needs to keep accurate, relevant records of the goods and services owned by their organization. Any department incurring procurement, needs to keep a system of contract management because it is the most crucial process of managing contracts from vendors, partners, customers, or employees. It supports the entire customer lifecycle which covers any process that contributes, creates or utilizes contract data.

We offer coordinated contract management module that is capable and configurable according to the competencies an organization requires. Now, extend your contract cycle times and increase your organization’s return on investment by gaining control over revenue streams. Make contract management efficient through improved collaboration, streamlined approval processes, and increased transparency.

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eInvoicing

ProcureTiger’s Invoice module is a part of Contract Management and is a "three-way match" capable. The concept of Three way matching of einvoice refers to matching three documents - the invoice, the purchase order, and the GRN - to ensure that a payment is made based on the PO issued and Goods received, this also ensures that there is no excess payment being done to the vendor. Further, this is also to ensure that only authorized purchases are reimbursed, thereby preventing losses due to fraud and carelessness.

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