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Supplier Relationship Management

Supplier Contract Management provides the framework to create and manage the transactional procurement contracts used for executing purchases, as well as providing robust document management authoring capabilities to create and manage the written contract document using Microsoft Word. The system also provides a structured method to develop and manage the contract clause library and the life cycle and approval processing for documents. It links to the purchasing and strategic sourcing applications so you can define contract documents for use with business processes. 

Implementing Supplier Contract Management provides contract administrator many benefits, including:

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  1. Contract Alert workflow functionality notifies buyers when spend thresholds have been reached.

  2. Compliance monitoring and analysis functionality ensures suppliers comply with contract agreements.

  3. External collaboration enables specified supplier personnel to review and update contract documents.

  4. Document wizards, which act as a guide to the contract administrator, facilitate the creation of documents based on responses to questions.  The answers to those questions can be used as input to the contract and can also affect the clauses included in the contract.

  5. Supplier contracts can be syndicated to third-party transactional systems.

  6. Legacy clauses and sections can be imported into Supplier Contract Management and incorporated in new contracts.

  7. Supplier Contract Management integrates seamlessly with PeopleSoft Purchasing, eProcurement, and Strategic Sourcing.

Contact iLynx for additional details on Supplier Contract Management or Contract Lifecycle Management implementations.

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