Touchstone has been chosen to implement PROACTIS Contract Management for a UK estate agent and property services company. The deployment via PROACTIS hosted services will allow the organisation to better manage their contracts in place including visibility of key renewal dates, with compliance and risk management the main drivers behind this project.
“Organisations are aware that something like a missed contract renewal can be very costly either through unexpected costs or service interruption. Some organisations have real blind spots in their exposure” said Peter Layzell, Head of TouchstonePROACTIS. “The solution will allow our client to ensure governance and due diligence around suppliers and contracts, highlighting any potential risks and providing them with full visibility of all contractual obligations.”
Contract Management is part of the PROACTIS Source to Contract suite of applications that includes Supplier Management and Sourcing. PROACTIS also offers a Purchase to Pay system to improve visibility and control of purchase order approval and subsequent invoice processing.