DataRoom's contract management module enables the effective management of vendor agreements.
DataRoom captures all details pertaining to vendor products and services, including, service descriptions, products, rates, contract terms and discounts. An understanding of contract details gives DataRoom the ability to optimize and reconcile our clients agreements to their invoice details.
- Single, organized, enterprise wide repository of vendor agreements
- Tracks relevant terms, discounts, products, and rates
- Helpdesk for inquiries for contract terms, discounts and products and services.
- Automatic tracking of actual discounts versus contract commitment
- Automatic triggering of contract expiration alerts
- Maximizes contract renegotiation opportunities
- Enables optimization of existing vendor agreements
- Removes rate discrepancies
- Ensures alignment of bill and contract rates