The Vendor is required to provide a solution to centralize our contract management, improve efficiency, enhance compliance, and gain better visibility into our contractual obligations.
- A comprehensive contract management system solution with the following key features and functionalities:
• Contract creation and authoring: template management, automated workflows for approvals, version control, redlining capabilities.
• Contract repository and management: secure centralized storage, advanced search and filtering, metadata tagging, automated reminders for renewals and expirations.
• Workflow and collaboration: automated routing and approvals, task management, notifications, collaboration tools for internal and external stakeholders.
• Compliance and risk management: audit trails, compliance tracking, reporting and analytics on contract performance and obligations.
• Reporting and analytics: customizable reports and dashboards to track key metrics, identify trends, and improve contract performance.
• Integration with workday: seamless integration with the workday finance module for data exchange related to vendors, budget, and payment information.
• Specifically, please detail the integration capabilities within this workday module.
• Signature component: contract signature component embedded in workflow.
• Security: robust security features to protect sensitive contract data, including access controls, encryption, and audit logging.
• Software deployment and implementation: flexible deployment options (cloud-based, on premise, or hybrid), clear implementation plan and timeline, data migration support.
• Vendor support and training: comprehensive training materials, ongoing technical support, and dedicated account management.