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Contract Management in Manufacturing
The creation and management of contractual details can be complicated and full of deadlines that require specific and timely action. The completion of a project or service may depend on satisfaction of multiple conditions. Pricing guarantees may be subject to changing market conditions that result in re-negotiation of terms, and late payments may result in penalties or a discontinuation of services. Staying informed is vital.
DocFinity helps manufacturers keep connected to contract details:
- Digital imaging centralizes your contracts, orders, and other related documents—including vendor information, deadlines, pertinent images, emails, faxes, and related correspondence—in a secure repository so you can find what you need immediately.
- Centralized, secure access provides staff with an easy overview of contract terms, clauses, attachments, amendments, and other contract-related processes, making their jobs easier. Management gains a quick overview of contractual and financial obligations and obtains needed information to project goods that will be available for inventory; predict necessary pricing changes; review payment terms and cash flow; and more.
- Digital workflow automates the notification process for tasks that require attention, sending the right material to the right person for the appropriate action.
- Electronic signature capabilities keep processes moving even when you are away from your desk.
- Automatic alerts inform staff when contractual deadlines are nearing or are missed, generating appropriate automated calls or letters, or informing staff of needed actions.
- Integration with accounts payable and inventory control systems eliminates data redundancy and errors.
If you are searching for an easy and effective way to manage thousands of details with a few clicks of a mouse, contact us or email info@docfinity.com. We can connect you with all of your business information to help expedite and standardize contract management.