The final posting in our Contract Management best practices series...
Data and Process Integration
Contracts solution is stand alone.
Share contract base data (suppliers, users, categories, etc.) with other third party systems. Compliance and comparison performed via reporting.
Best In Class
Data and processes in contracts solution integrated with other third party systems including base data, sourcing, procurement, compliance, payment, sales request, etc.)
Types of Contracts Electronically Supported and Managed
No electronic contract solution for any type of contract.
Electronic contract system for at least one type of contract.
Electronic contract system for all organizational contracts.
Invoices for Goods/Services Covered in Contracts
Paper invoices are manually created and mailed
Some invoices are created electronically from the contract to reduce errors / double entry.
Many / most invoices are created from contract by suppliers / customers and electronically sent for auto matching to the contract prior to payment.