Proactis announces new version of contract management software
Dec 28, 2012 (Datamonitor via COMTEX) --
Proactis, a provider of spend control and eProcurement solutions, has announced the launch of a new and extended user functionality to the latest version of its contract management software.
This release simplifies the handling of a range of contract management processes, including; contract information management, contract event and renewal monitoring, contract analysis and reporting, and contract interfacing to/from purchasing, the company said.
PROACTIS Contract Management is designed to address the key concerns of procurement managers, in particular; to maintain visibility of supplier contracts and contract details, keep up with contract dates and events, and maximise awareness and usage of contracts across the organization, and to do all that without excessive administrative time and expense.
New features in the latest version of contract management include an enhanced user interface, improved management of supplier governance, risk and compliance, and new procurement capabilities to track obligations and drive improved collaboration and productivity, the company added.
"PROACTIS has a proven track record in helping procurement departments increase the proportion of spend "under management" and "on-contract" by providing improved visibility and control of contracts throughout the contract life-cycle, and ensuring that the organization consistently utilizes them when buying goods and services" said Simon Dadswell, marketing director of PROACTIS.
"With this latest release, PROACTIS Contract Management provides a central electronic repository for all types of supplier contracts, with links to purchasing systems that make them fully visible to buyers. It automatically collects purchase and delivery activity for analysis of supplier performance and buyer commitments. And it continually monitors contract dates and other criteria, alerting the appropriate people when review or actions are needed."
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