Contract Management
Take control over Contract Management with vSRM.
Take control over Contract Management with vSRM.
Contract Management
vSRM Contract Management; integrated with requisition management and sourcing operations for multi companies, automating contract creation, approval, tracking, monitoring and incremental payments with a centralized approach.
Possibility to create consolidate purchase agreements for Multi Companies
– Quickly create your contracts with vSRM
– Automatic transfer of contracts created on vSRM to the systems of multi companies with different ERP systems
Infrastructure supporting different contract structures
– Follow-up of sub-contracts related to the main contract
– Supporting different contract types: Tracking progress payments on the basis of unit price, quantity, amount
– Structure that supports you to make detailed price breakdowns
Approvals of Contracts and Revisions
– Contract and Contract revisions control approval mechanism
Follow-up of service purchases and progress payments under the contract
– Progress payment declarations of contracts containing progress payments can be made by suppliers.
– Confirmation of progress payment requests by the relevant parties and giving payment approvals.
Quick contract creation
Quickly create your contracts with vSRM
Flexible Confirmation mechanism
Contract approval workflows
Payment Controls
Progress-based business units payment approvals
Multi Company Contract Management
Create joint purchasing agreements for Group Companies
– Quickly create master contracts and sub-contracts of complex contracts covering multi companies with vSRM with the contract wizard.
– Ensure that contracts created on vSRM are automatically transferred to the systems of multi companies with different ERP systems.
Benefits >
Contract Types and Tracking
Supports different contract structures
– Follow-up of sub-contracts linked to the main contract
– Supporting different contract types: Tracking progress payments in unit price, quantity, amount based contracts
– Supports Price Breakdown Structure structure
Benefits >
Milestone Payment Management
Milestone payment management is a method used in the comprehensive contracts you have made with your suppliers, in cases where the payments are structured according to the works and services delivered by the supplier within the scope of the contract terms.
Contracts that are defined in vSRM contract management and that contain the details of the work to be done and the service details are seen online by the relevant supplier.
The works completed and delivered by the suppliers are reported periodically and demand payment is made.
Based on the milestone payments approved by the milestone payment approvers and business units on the basis of the contract item, an order equal to the contractual progress payment amount can be automatically opened in the ERP system and payment processes can be carried out.