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FinContract - Manage Your Total Liabilities Challenges- Corporations deal with many vendors on a daily basis. Firms often have over 1000 contracts (multiple contracts per vendor).
- Contracts are non-standard; managing business terms and contractual liabilities is challenging.
- Contracts are often layered; master agreements, sub-contracts, licenses exist in multitude. Managing these layers is complicated and time consuming.
Solution- FinContract is a comprehensive contract management system enabling management of all contracts within a single tool.
- FinContract contains all contracts, each with their associated rules. Payments, restrictions and cancellation terms are under your control.
- Electronic filing of contracts.
- Automated alerts and warnings.
- Flexible front end design to meet different business needs and customer preferences.
- Integrated reporting
- FinContract can manage all IT contracts:
- Software licenses (bought or leased)
- Hardware, lease and/or support costs
- All data costs
- Etc.
With the FinOffice5 - FinContract solution BST provides an exceptional high level of automation and cost transparency. The substantial added value achieved through the use of FinContract has brought more and more institutions to use FinContract as there Contract Management solution.
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