Take control,
ensure compliance

While you need to mitigate risks and manage liabilities, you must also keep an eye out for new opportunities – new sources of revenue, performance improvements and cash and capital controls. This is fundamentally concerned with transactions and the processes governed by contracts.

Contracts are the lifeblood of your business. They define the commercial relationship with your trading partners and the rules of cash flow across your operations. Yet, very few organizations manage the contract lifecycle with either regularity or precision. Even fewer still have automated the process.

Basware Contracts allows your organization to simplify and automate the monitoring of both opportunities and obligations.

Key benefits of Basware Contracts

  • Increase the accuracy of cash flow forecasts – use the long-term contractual outlays and income streams to better understand cash flow and capital commitments
  • Enhance effectiveness of cash management – seamless integration in purchase-to-pay enables you to track contract compliance, transactional anomalies, budgetary excess and payment timelines
  • Capture upside opportunities – reports and alerts allow you to recognize improvement opportunities, such as renegotiation of terms or deadlines
  • Outlaw maverick spending and manage rebates – make contractual purchasing policies stick – determine suppliers, prices and outcomes ahead of purchase. Ensure supplier rebates and discounts are automatically captured
  • Avoid getting locked into a new buy cycle – comprehensive notification, alerting and reporting eliminates the need to set up potentially costly evergreen contracts

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