The firm specializes in providing quality legal and paralegal assistance; thereby ensuring compliance with contract terms and conditions, as well as documenting and agreeing to any changes that may arise during its implementation or execution. Our Partner and Vendor contract management solution incorporates end-to-end management of contracts made with customers, vendors, partners, or employees.
Solution Features
NeoGroup Contract Management Solution including creating for our clients a database of all contracts with suppliers, third-party vendors and service providers; a review mechanism to ensure contracts continue to serve their purpose; a helpdesk to offer legal advice at all stages of a contract from inception to its termination, conduct negotiations, service renewals and ensure compliance generally. Our Contract Management solution model facilitates the procurement of the software, hardware, service or resource for a client at the best possible terms with least redundancies.
The following diagram explains the different processes within the Contract Management process:
Benefits
• Shortening the process time from the origination of a purchase requisition/shopping cart request to issuance of a PO
• Tracking and reporting on progress of shopping carts throughout the process
• Confirming the issuance of all necessary documentation to the supplier when the PO is issued.
• Achieving significant cost savings/cost avoidance by enabling GIS to negotiate improved terms with suppliers at quarter end/year end with the commitment to provide a timely PO
• A new process & dB is established to manage the contracts which will reduce significant delay of SC process
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