By centralizing and automating procurement processes, including purchasing and supplier communication, organizations have the transparency to be more strategic in their sourcing and negotiations.
With LegaMIS, organizations can proactively manage all aspects of the procurement and contract management lifecycle to improve performance
Most procurement and purchasing departments still rely on shared folder solutions like SharePoint or Dropbox, employee hard drives, email, and spreadsheets to manage the pre- and post-award phases of your buy-side contracts. Unfortunately, this approach makes the overall management of your contracts inefficient, time-consuming, potentially inaccurate, and unnecessarily exposes your organization to risk.
You must have experienced these questions getting asked by your Procurement Team
LegaMIS provides end-to-end visibility by enabling your contract data to be structured at the organizational level as well as document level. So, you can easily keep track and manage contract terms, dates, and other important information by supplier, contract obligations like TAT and many more.
LegaMIS contract system sends automated alerts and reminders ensure purchasing and procurement staff are notified in advance of important contractual obligations such as deadlines, renewals, or other milestones. This completely eliminates missed deadlines and can save you both money and time.
With LegaMIS, you have complete visibility of which stage and what status of every contract, anytime. The platform helps contract management for procurement and purchasing to accelerate your contract management processes resulting in shorter contract cycles.