Why do I need a Contracts Register?

Many businesses contract out services and solutions to external suppliers. The number of contracts your company has to manage can reach into the hundreds depending on the size and complexity of your business. All of these contracts, which all have their own documentation, will no doubt have started on different dates and will operate for varying periods of time.

So, how do your staff manage all of these contracts? Where are the contract documents stored? When do you begin renegotiations or prepare a new ITT?

Typically hard copies of the contracts and their associated ITT documents will be stored, and spreadsheets and diary reminders used to prompt relevant staff when deadlines are approaching.

Arepo's online contracts register provides companies with the ability to manage supplier contracts throughout the contract lifecycle from Invitation to Tender (ITT) and award, to operation, and right through to renegotiation or re-issuing. The web based application manages the whole process and includes the ability to store and easily retrive all of the contract's documentation, including for instance the Key Performance Indicator (KPI) and Service Level Agreement (SLA) schedules.

When contract deadlines are reached, the software automatically emails the relevant users with reminders and prompts, ensuring that your business gets the best value from all of it's supplier contracts.

Feel free to get in touch with us to find out how the Contracts Register can help your business manage supplier contracts more efficiently.