Contracts
Centrally store executed agreements in Felix to easily find, track key dates and report on contracts
Challenges faced when managing contracts
- Having trouble quickly and easily locating all contracts for a project?
- Does each business unit, project or region store contracts in different places, making it difficult to have visibility across all contracts from an organisational perspective?
- Does the way your organisation store and manage contracts bring risk when it comes to auditing?
- Missed a contract renewal date or contract extension which ended up costing the business money?
- Want to automatically set reminders based on contract key dates to ensure deadlines aren’t missed, minimising your risk?
If you answer yes to any of these questions, or are looking for a more effective way to stay on top of contracts, then Felix is here to help you.
A centralised repository for contracts and supporting documentation
Centrally store contracts and related documents, allowing for important information to always be easily located and in reach.
- Store contracts, executed agreements and other supporting documentation within Felix, ensuring all required information is in one place
- Use filters and search functionality to easily find contracts stored within Felix
- Export contract reports and load into Business Intelligence tools to get more oversight on all contracts within an organisation
Understand your contracts at a glance
Contracts can be lengthy. Summarise important information into one view, including supporting documentation, so you can quickly understand the finer details and promptly plan ahead.
- Highlight key contract information to guide actions
- Establish summaries using custom dropdowns to avoid mistyped data
- Edit contract fields as required
- Assign contract ownership
Track key dates and add reminders
Delivering on contracts post-execution requires a timely focus of deliverables, notices and other tasks. Bring key dates such as contract renewals and extensions to life and connect reminders for teams to take action.
- Don’t miss critical dates or deadlines that could end up costing your organisation money
- Keep track of key dates in one summary view
- Stay on top of deliverables by setting email reminders for your team
Use alongside other Felix modules for ultimate organisational value
Vendor Management + Contracts:
Have contract information centralised within a vendor’s profile. See the number of executed contracts, the status of each contract and access contract details all within a vendor profile.
Vendor Management + Sourcing + Contracts:
In addition to the above, link contracts directly to projects for a better view of what agreements support the tender process.
