eProcurement

Contract Management System

Manage your contracts, collaborate with your stakeholders increased savings, and decreased risk

Explore more about Contract Management Software

Contracts are the bare bones for every purchase a company makes, but contracting processes are often inefficient. TechnoRishi Contract Management System provides control and efficiency to your enterprise-wide contracting and seamlessly unifies it with core transactional spending.

Improve Efficiency

Expedite contract creation and gain portfolio-wide visibility into commitments and spendinRead More

Measure your Supplier Performance

Performance per supplier is measured and the number of deliveries, TechnoRishi Contract MaRead More

Available Everywhere

Contract documents are always available to anyone, nobody needs to sift through stacks of Read More

Draft your Contract

Gather all supporting information and documents required and if the organization maintainsRead More

Document Management

An intelligent contract repository seamlessly integrated into spend management allows yourRead More

Never Miss aRenewal Date

TRCPL Contract Management Solution allows you to configure alarms using default or custom Read More

Feature List

"TechnoRishi Contract Management Module enables seamless association and collaboration between procurement, legal, sales, and any other stakeholders across the contract life cycle. Our contract management system provides company-wide end-to-end contract management capabilities starting from initial request, long-term maintenance, monitoring, and analysis of performance."

Contract Repository

TRCPL Contract Management System finds the contracts you need, manages contract clauses, commitments, and milestones in one place, and gets reminders as critical renewal or expiration dates approach. Enable suppliers to see redlines and approved contracts along with the products and invoices against those contracts. Track compliance with requisitions, orders, and invoices at the line level to manage and report on key negotiated contract terms.

Price & Catalogs

In Contract Management Software you or your supplier can create, manage catalogs, and ensure accurate pricing and zero errors for both products and services and let your suppliers ensure that their products and services are up to date. Compare item prices and use workflow approval before including the catalog in your catalog master.

Contract Authoring

Combined editing, access control, evaluation, version control, comparison, check-out/ check-in, approval, and legal advice review processes are all part of TechnoRishi’s Contract Management function. You can Create contracts quickly from templates or directly from a sourcing project and use the clause library to build an approved contract.

Alerts and Reminders

Contracts are often filed and forgotten, leading to a lack of oversight, missed contract reviews, renewals, and other critical contract life cycle events. The TRCPL Contract Management Solution can manage this automatically, and as the contract's term approaches, you can receive reminders to restart the sourcing process.

Integration

TechnoRishi Contract Management System integrates seamlessly with existing enterprise systems ERPs or Asset Management software for Assets Track locations, asset AMC renewal, service renewal, usage, depreciation, maintenance, and decommissioning of key assets and link directly to suppliers or contractors who are in physical possession of key assets.

Compliance Tracking

Track sourcing, contract management, supplier management, and purchasing functionality in one Procure-to-Pay (P2P) system, you can identify immediately who is buying what, from where, from which suppliers, and at what price and know instantly whether your contract is being under-utilized or even ignored by your buyers.

Reduce Contract Risk

Pre-approved templates allow buy-side contracts to be generated quickly and easily, saving time, reducing errors, and ensuring internal and regulatory compliance.

Contract Tracking

With reviewer history, automatic redlines, and side-by-side document comparison, easily track changes and maintain a complete audit trail.

Get Visibility

Automated contract expiration notifications let you renew on time to minimize service disruptions and avoid the hassle of starting over with a valued supplier.

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