Smart Contracts BizHub

The Smart Contracts BizHub solution is a comprehensive contract life cycle management solution. It is applicable for all types of contracts- Sales, Commercial, Construction, HR, Finance etc. In addition, it can also be used for Procurement management related activities that enable management of purchase requisitions, bidding and purchase orders. The solution allows enforcing rules for related documents, validations, approvals, contract document generation using templates and centralized storage for easy collaboration.

It can also be used for creating and managing master data like customers, vendors and products with appropriate approvals as per your organization’s needs. Integration, with SAP and other ERPs, is available as an option.

Key Features:

  • Complete contract life cycle management with approvals, amendments, terminations and alerts.
  • Digital signature using Adobe Sign or DocuSign.
  • Custom templates for auto-generation of contract documents based on key figures from the contract.
  • Alerts and reminders based on contract values, terminations, contract expiry dates, etc.
  • Process for extension, amendments and termination of contracts.
  • AI based contracts redlining and monitoring (Optional).
  • AI based forecasting features for data. (Optional)
  • Integration with SAP for auto creation of relevant contract data and access relevant records and feedback on usage etc.
  • Quotes and Evaluation with record & evaluation of quotes from vendors along with approval process for accepting the evaluation criteria.
  • Recording award details (e-Bidding) based on the evaluation, with contract number and PO for RFQs.
  • Purchase Requisition (PR) process for different types of PRs.
  • E-Bidding and Vendor Evaluation, including RFQ, set up with Approval process for release of RFQs to vendors, selection of Vendors to whom the RFQ is to be sent.
  • Purchase Order (PO) process for different POs corresponding to the respective PR and contract type.

Benefits:

  • The system stands out for its flexibility, adapting to the simplest as well as most complex requirements.
  • Helps in reducing third-party supplier risk by integrating all your suppliers and contracts and aligning with market intelligence.
  • Lower your and commercial operating costs by automating and streamlining processes.
  • Reduces errors and missed commitments due to standardised processes.
  • Multi-lingual capabilities.
  • Matching stakeholder contract with company standard templates & tracking variations.
  • Integration with SAP/Other ERPs using industry standard REST/ SOAP APIs.
  • Creates up to 200 contracts and mass approve at one time, for each level of approver.
  • Unlimited archival of all contracts and related documentation.

Our Clients

  • panasonic