Manage more contracts using fewer people, less time and a smaller budget

Contract Management is critical to an organisations success as it provides a rigid way to monitor success. However, at the moment, there are seemingly insurmountable challenges, we are here to say they are surmountable and this is how:

Contract Management Challenges

Challenge #1: Lack of Supplier Information

By having contract management software that has a fully integrated vendor management system, a contract manager can have a real time view of a supplier performance. This can include costs, quality, accountability and usage.

Challenge #2: Unclear responsibility in supplier disputes

Again, an integrated contract management software ensures a single means of communication between the client and suppliers. This keeps a full audit trail to resolve any disputes that might arise.

Challenge #3: Tracking of costs and time plan

Monitoring costs associated to a contract together with associate time parameters make it impossible to monitor contract performance. Having contract management software that integrates costs, projects and contracts allows for a single version of the truth allowing management to keep control of scope creep

Challenge #4: Notifications of terms, rights and obligations

Having a central system using meta data layers of contracts allows important information in contracts relating to leases, equipment maintenance, deliverables, etc to be continuously monitored. This can include dates, accountability, costing, etc

Challenge #5: Version Control

Having a big team, brings about its own challenges, one of the biggest being… Version Control. Having a platform that ensures that you are working on the latest version of a document can ensure you are not wasting hours of time trying to validate which is the latest version of the truth

Challenge #6: Undefined Handover Processes

Having contract management software built on top of a workflow engine ensures that all processes are clearly defined and followed. This ensures risks associated to improper handovers are mitigated

Functions and Features of a turnkey contract management platform

Contract Repository

A centralized repository with contracts stored under individual business areas accompanied by metadata and third party information gives you a single source of truth and overall simpler contract management experience.

Alerts and Notifications

Being wary of upcoming renewals, pending obligations and key provisions of your contract is critical as a contract manager. Receive duly reminders on upcoming renewals and alerts on non-compliance occurrences pending obligations.

Performance Reporting

Performance reports on contracts gives contract managers and participants insights on their work patterns so they can identify bottlenecks in processes to eliminate them. Reports show you if your contracts are renewed on time, obligations are duly met and contract cycle times are proportionate.

Manage approvals through workflows

Sending contracts for approvals through emails is highly inefficient due to lack of transparency and document versioning issues. Software workflows, in contrast, provide a cleaner approval process by allowing users to select participants followed by the routing order. Notifications help you get instant updates on the process and while the workflow history comes handy during audits.

Standardise contract types and governance standards

By enabling users to define standard contract types and their associated metadata rules, new contracts are compiled quicker. The system helps businesses enforce governance while allowing for customization to individual business division rules and its contract types.

Simplify new Contract Creation

Expedites the contract creation process with standard contract types, clause library and template automation. It facilitates a smooth amendment process through document upload, amendment wizard and amendment specific workflows.

View all Features

Simplify Facility management today with Silver Axiom

Keep control of your facility, manage your vendors, your assets, your contracts and your internal staff with an easy to use platform with a complimentary mobile app

Book a Demo

Manage more contracts using fewer people, less time and a smaller budget

Contract Management is critical to an organisations success as it provides a rigid way to monitor success. However, at the moment, there are seemingly insurmountable challenges, we are here to say they are surmountable and this is how:

Contract Management Challenges

Lack of Supplier Information

Challenge #1: Lack of Supplier Information

Unclear Responsibility in Supplier Disputes

Challenge #2: Unclear responsibility in supplier disputes

Tracking of Costs and Time Plan

Challenge #3: Tracking of costs and time plan

Notifications of Terms, Rights and Obligations

Challenge #4: Notifications of terms, rights and obligations

Version Control

Challenge #5: Version Control

Undefined Handover Processes

Challenge #6: Undefined Handover Processes

Functions and Features of a turnkey contract management platform

Contract Repository

Alerts and Notifications

Performance Reporting

Manage approvals through workflows

Standardise contract types and governance standards

Simplify new Contract Creation

Simplify Facility management today with Silver Axiom

About Us

Search Something

224 Eagle Street, Montana Park, Pretoria, 0182

lizette@silveraxiom.com

+27 83 258 4420

Manage more contracts using fewer people, less time and a smaller budget

Contract Management is critical to an organisations​ success as it provides a rigid way to monitor success​. However, at the moment, there are seemingly insurmountable​ challenges, we are here to say they are surmountable and this is how:​

Contract Management Challenges

Lack of Supplier Information

Challenge #1: Lack of Supplier Information

Unclear Responsibility in Supplier Disputes

Challenge #2: Unclear responsibility in supplier disputes​

Tracking of Costs and Time Plan

Challenge #3: Tracking of costs​ and time plan​

Notifications of Terms, Rights and Obligations

Challenge #4: Notifications of terms, rights and obligations​

Version Control

Challenge #5: Version Control​

Undefined Handover Processes

Challenge #6: Undefined Handover Processes

Functions and Features of a turnkey contract management platform

Contract Repository

Alerts and Notifications

Performance Reporting

Manage approvals through workflows

Standardise contract types and governance standards

Simplify new Contract Creation

Simplify Facility management today with Silver Axiom

About Us

Search Something

224 Eagle Street, Montana Park, Pretoria, 0182

lizette@silveraxiom.com

+27 83 258 4420

Contract Management is critical to an organisations success as it provides a rigid way to monitor success. However, at the moment, there are seemingly insurmountable challenges, we are here to say they are surmountable and this is how:

Challenge #2: Unclear responsibility in supplier disputes

Challenge #3: Tracking of costs and time plan

Challenge #4: Notifications of terms, rights and obligations

Challenge #5: Version Control