Contract management software helps organizations manage the entire contract lifecycle from negotiation to compliance. It allows users to store contracts in a central repository, set reminders for deadlines and events, and generate reports on upcoming costs, revenues, and activities. Trackado is one such contract management solution that provides functionality for a contract repository, calendar with reminders, and powerful reporting dashboards to help users stay on top of contract compliance especially in the post-award phase.

1. Contract Management Solutions
How contract management software help in contract
management

2. Contract Management Definition
Contract management or contract administration is the
management of contracts made with customers, vendors,
partners, or employees. The personnel involved in contract
administration required to negotiate, support and manage
effective contracts are often expensive to train and retain

3. Phases of Contract Management
Contract management can be divided into three phases
namely
1. Pre- contract phase
2. Contract execution phase
3. Post award phase (often referred to as contract
compliance/governance)

4. A common situation
Contract compliance/governance
This phase is critical to take a closer look for items such as
unrecorded liabilities, under-reported revenue or
overpayments.
When do we have to cancel that contract or renegotiate its
terms?
Then you have to scan through an endless amount of pages in
order to find the relevant details of the terms & conditions

5. Contract Management with Trackado
Trackado helps organizations to overcome these issues and
supports contract governance especially in the post award
phase by providing the following functionality:
1. Contract repository
2. Contract calendar: events and reminders
3. Reporting

6. Contract calendar: events and reminders
Managing contracts means keeping track of activities and
deadlines in order to not miss an important contract related
deadline.
1. Register events, e.g. For upcoming reviews or cancellations.
2. Assign the events to specific users.
3. See the status of all reminders.
4. Receive automated reminders for all activities and
deadlines

7. Reporting
Dashboards and overviews with powerful built-in reports
provide all relevant contract data.
1. Upcoming costs and revenues
2. Upcoming activities and notifications
3. Latest contract additions
4. Amount of contract per category, status, organizational
unit

8. Summary
Trackado is a easy to use , powerful , cloud based contract
management solution. Trackado gives you full control over
your contract portfolio and makes contract management a
breeze.

9. Thanks
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