Contract Management comprises the process of recording and maintaining a contract through its life cycle. However, at Etesius, we take this one step further.
Our Contract Management system can be integrated with the Spend Analysis module at a detailed level, providing the ability to monitor contract compliance.
It’s very difficult to know how effective a contract has been, is it being utilised and to what extent?, how much maverick spend is there in a particular spend category? am I getting pricing in line with the negotiated values?
By linking contract information with actual spend data, true contract compliance can become a reality.