Purchasing professionals must ensure that their vendors are in compliance with their contracts. With our contract management software they can see expiration dates, sole sourcing clauses, minimum volume agreements and other terms that can be managed efficiently.
Through automatic alerts and visibility into the key terms in a contract our software helps identify vendor overbilling and other compliance-related aspects of purchase contracts. With instant access to contracts purchasing organizations gain greater insight into their negotiation position and needs. Integration to ERP solutions can additionally provide a complete best-in-class procurement environment.
Symfact’s centralized repository enable users to search all vendor related information such as performance evaluations, pricelists, certifications and profiles. When starting a relationship with a new vendor or supplier you’ll be safe in the knowledge that you’ve mitigated risk by using our Third Party Risk management Software.
Our suite of software solutions provide answers to all these issues and more.
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