Gain complete control and management of your contracts and supporting documentation

Before you sign a contract with a vendor, it gets reviewed and negotiated to ensure it meets the standards as defined in your vendor management program. However, after you sign a contract, you do not just file it away. Instead, you monitor and maintain it over time to ensure the agreed upon provisions are being adhered to and processes followed. Reassessments should be performed as well overtime if changes occur such as, but not limited to, your program, the services you purchased from the vendor, issues and exceptions, service levels and more. With hundreds of vendors comes hundreds of contracts in which you will need to follow this procedure. If you are not careful, it can be easy to misplace a contract and difficult to keep track of important data points on a day-to-day basis.

Venminder’s Contract Management Module is a central repository that allows you to have visibility on each contract on the product level, provide an effective means of reporting on contracts and the ability to monitor key date timelines by means of automated notifications.

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