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Efecte® Contract
Efecte Contract offers a centralized solution for the management of an IT organization’s contract information. Efecte Contract is a solution enabling the centralized management and reporting of all IT contracts and contract-related information. The solution offers ready-made templates for leasing contacts, software license contracts, and procurement contracts. With the Efecte Contract solution, your IT organization can monitor suppliers and contractual terms more effectively, as well as improve communication on contracts that are about to expire and their terms. With the help of automatic alarms and comprehensive reporting, you can ensure that important contractual terms and expiration dates are identified and appropriate actions taken.
By combining Efecte Contract with other Efecte solutions, you can improve the evaluation of cost-pool-related financial reporting and minimize the contract risks related to IT assets.
The Efecte Contract solution covers the following functionalities, for instance:
- Logical connection of users, suppliers, devices, and licenses
- Contract search and maintenance
- Management of contract lifecycles
- Role-based licenses and application methods
- Automatic e-mail alerts concerning contract information (e.g., expiring contract or review date alerts)
- Information models that are adaptable to the organization’s needs
- Extensive contract information reporting possibilities
The benefits of Efecte Contract include the possibility to minimize eventually overlapping purchases and services, as well as perform comprehensive management of contract risks.
Other Efecte Contract benefits include:
- Centralized and automated contract information management
- The capacity to eliminate contract-related risks
- The possibility to utilize and maximize maintenance and service contract benefits
- Avoidance of overlapping contracts
- Transparency of contract data
- Evaluation of partners and vendors
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