Tickit Contract Lifecycle Management (Contract LCM) is a robust solution designed to streamline and automate the lifecycle of contracts and contractor management. Offering comprehensive tools to manage contracts from initiation to renewal, ensuring compliance, efficiency, and centralized control.
Key Features
1. Contract Creation and Authoring:
Templates: Standard fields and the ability to utilize customised fields for compliant contract creation.
Organisation: Organisation of contracts to be categorised within your business.
2. Contract Review and Approval: Workflow Automation: Automate the review and approval process with configurable workflows.
Notifications and Reminders: Receive alerts and reminders to ensure timely reviews and approvals.
3. Contract Audit:
Create an audit program that is configured exactly to your organisation’s need. The components of the audit can then be allocated to auditors and completion of the audit tracked. Audits can be scheduled and repeated, enabling consistency across audit cycles.
Audit Trail:
Maintain a complete audit trail of all contract activities for accountability.
4. Contract Management:
Repository: Store all contracts in a centralized repository for easy access and management.
Search and Retrieval: Advanced search capabilities to quickly find specific contracts or details.
5. Compliance and Risk Management:
Compliance Tracking: Monitor and ensure adherence to regulatory and legal requirements.
Risk Assessment: Link contracts to a risk and identify and mitigate potential risks associated with contracts.
6. Contract Renewal and Termination:
Renewal Alerts: Automated notifications for upcoming contract renewals or terminations.
7. Contractor Management Onboarding: Streamlined process for adding and onboarding new contractors.
License and Certification Tracking: Manage contractor licenses, certifications, and expiration dates.
Performance Monitoring: Evaluate and track contractor performance levels
8. Task and Workflow Management:Task Assignment: Assign tasks to employees with detailed instructions and deadlines.
Progress Tracking: Monitor the progress of tasks and ensure timely completion.
9. Forms Module Integration:Documentation Upload: Contractors can upload necessary licenses and documents.
Safety Compliance: Contractors complete on-site safety questionnaires to meet compliance and legal obligations.
Benefits
• Centralized Contract Management: All contract-related information is stored in a single, centralized location, making it easy to manage and retrieve.
• Enhanced Efficiency: Automate repetitive tasks and workflows to save time and reduce manual errors.
• Improved Compliance: Ensure all contracts and contractors meet legal and regulatory requirements.
• Risk Mitigation: Proactively identify and manage potential risks associated with contracts.
• Better Collaboration: Facilitate seamless collaboration among stakeholders during contract creation and management.
Contract LCM empowers organizations to manage their contracts and contractors with confidence, reducing administrative burdens and improving overall efficiency. By centralizing contract data and automating workflows, Contract LCM ensures that your contract lifecycle is handled smoothly from start to finish.
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