End-to-end visibility and control for all contract spend
Manual contract management is inefficient and error-prone, creating blindspots that can lead to missed deadlines, legal liabilities, and untapped savings opportunities with vendors. Procurify’s contract management capabilities are built into a complete procure-to-pay platform, seamlessly connecting contracts to all aspects of spend management. Integrated data and workflows help you accurately track contract spend, streamline invoice reconciliation, and get more value out of your contracts.
Real-time visibility into contract spend
Control spending by easily tracking contract spend against total contract value, eliminating error-prone manual work
Never miss a cost-saving opportunity
Timely notifications help you feel in control and get the most value from your contract terms
Stay compliant with accurate contract records
Avoid overpayments and penalties and stay on top of changes with a reliable audit trail
Contract Management features
Create a single source of truth with a contract repository that swiftly locates any contract with ease. Facilitate version control, proactively stay ahead of contract reviews and renewals, and provide greater transparency over contract spend across your organization.
Store active and historical contracts by vendor in a centralized repository
Set notifications for upcoming renewals, expired contracts and more so timely decisions can be made
Capture contract details including important names, dates, amounts, payment terms, and more
Keep a historical record of changes made to contracts in an audit log for audit purposes
Track Contract Spend
Purchase orders are linked to contracts to track spend against total contract value and ensure effortless invoice reconciliation