Vendor Lifecycle Management
- Track vendor performance with KPIs (on-time delivery, quality, cost efficiency).
- Blacklist and offboard underperforming vendors with documented procedures.
- Automate contract approval workflows, ensuring legal and financial compliance.
- Manage renewals, extensions, and amendments with proactive alerts.
- Apply penalties for late cancellations or non-compliance automatically.
- Ensure contract closure with automated compliance checks and audit trails.
- Upload, store, and manage all contract documents in a secure, centralized repository.
- Integrate with e-signature tools for faster, legally binding contract execution.
- Set payment due alerts and track penalty/settlement calculations for financial accuracy.
- Send PO approval or rejection notifications automatically to relevant stakeholders.
- Apply role-based access for robust data security and confidentiality.
