Managing procurement contracts | Spendive Help

Managing procurement contracts

  Audience: Procurement and contract-management teams 
 Contracts hold your vendor agreements in one place, with their value and expiry visible. 
 Creating a contract 
 
 Go to Procurement → Contracts. 
 Select Create Contract. 
 Record the vendor, the agreement terms, its value and its dates. 
 Save it. 
 
 What the page tracks 
 
 Total Contracts — everything recorded. 
 Active Contracts — currently in force. 
 Total Value — the combined value of agreements. 
 Expiring Soon — agreements approaching their end date. 
 
 Use Expiring Soon 
 Expiring Soon is the figure worth checking regularly. A lapsed contract usually means buying reverts to ad-hoc pricing, so review renewals before the date passes rather than after. 
 Complete the live contract form 
  Select the vendor. Enter the contract title, description, and contract type. Enter the total value and payment terms. Set the start date, end date, and renewal type. Optionally link the purchase request, purchase order, budget, and Approval in Principle. Attach supporting documents and create the contract.  
 Monitor Expiring Soon and start review before the end date. Linking the source records makes the commercial commitment traceable. 
 Need help? If the page, field, or approval action is missing, confirm the active organisation and ask an administrator to check your role and permissions. Quote the record reference when contacting support. 
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