Contract Management
Contract management is at the center of all business for Chemical companies. Contracts define almost every relationship across the enterprise. Simplifying how they are assembled, shortening the approval process, and effectively managing contract renewal affects the financial and operational health of a company. Contracts also represent one of largest areas of risk for a company.
Meet your Business Goals
GOAL: Collaborate with business partners
KPI: Decreased contract negotiation time
GOAL: Eliminate evergreen contracts
KPI: Reduce missed renewal dates to zero
GOAL: Improved forecast accuracy
KPI: Vendor performance measurements
GOAL: Reduced inventory carrying costs
KPI: Cost of inventory
GOAL: Improved customer service
KPI: Customer satisfaction ratings
GOAL: Increased savings from vendors and procurement process
KPI: Increase company profitability with measurable savings in procurement costs
OpenText’s comprehensive solutions for contract management cover the entire contract lifecycle and address the following: RFP development, contracts involved in capital projects, operational contracts on the buy and sell sides of the business, and all contracts related to human resources.
OpenText solutions deliver contract management functionality with the following components:
Supplemented by Business Content (e.g., predefined workflows) to give you a head-start in configuring workstreams and processes, Consulting Services, Training and Support tailored to meet your requirements.
