Track all agreements in a centralized repository
We don't enforce a 1-to-1 relationship between vendors and contracts. Enter unlimited contracts for a vendor.
Contracts can get messy and complex. Specify if the contract is tied to another contract and VendorRisk will take it from there.
If the contract expires but has a defined notice requirement (say, 1 month), then VendorRisk will automatically factor that in and send email alerts based on the notification date.
For contracts that auto-renew, VendorRisk will automatically update the contract dates on the morning of the current end date.
Enter all costs associated with the contract and keep an eye on the vendor spend.
Enter all the service level terms that are part of the contract.
Contract records can have up to 40 custom fields.
Each contract can have comments posted to their page.