Contract Management

Maximum control over obligations.

The Contract Management module is BerényiSoft Ltd.’s unique solution that allows for the automatic processing of contracts and more efficient handling of corporate processes. With this module, large enterprises can manage the most important contract data in one place, automate contract tracking, and ensure legal compliance without manually tracking deadlines and obligations.

Contract Management

Main features:

Automatic extraction of important data The module automatically extracts and organizes key data from contracts, such as expiration dates, obligations, confidentiality periods, and financial implications. This significantly reduces manual data processing, making the data accessible and up-to-date at all times.
Management of deadlines and notifications The system monitors critical deadlines in contracts, such as expiration dates or obligation fulfillment dates. Notifications automatically alert users of upcoming deadlines, ensuring that no contractual obligations or legal requirements are missed. Users can pre-set notification intervals for even greater control over contract management.
Tracking contract statuses The module can track the status of contracts, such as whether a contract is active, expired, awaiting signature, or under modification. This is particularly important for companies handling multiple types of contracts simultaneously, ensuring that each contract is in the appropriate status.
Cost management and financial integration Managing costs associated with contracts has never been easier. The module automatically tracks financial implications such as deposits, penalties, and other financial obligations and can be integrated with the company’s financial system, automating performance, invoicing, and financial processes. Integration with the financial module ensures complete transparency and manageability of costs.
Handling contract modifications and supplementary documents The module can accurately record contract modifications and manage related supplementary documents (e.g., performance certificates, invoices, bank statements). This ensures the company always knows what changes have been made to contracts and whether all necessary documents are available.
Tracking performances The module also manages contract performance obligations. This includes monitoring all obligations under the contracts and sending automatic notifications when a performance is required. Performance tracking is directly linked to the financial module, ensuring smooth payment and invoicing processes.

Advantages:

Automated processes: Instead of manual contract management, the system automatically collects and organizes important data, simplifying daily tasks.
Monitoring deadlines and obligations: The module helps timely identify upcoming deadlines and alerts for obligation fulfillment, ensuring smooth operations.
Transparent contract statuses: Easily track whether a contract is active, awaiting signature, or expired, facilitating decision-making and management.
Tracking costs: The system ensures that financial obligations related to contracts are accurately tracked, preventing unexpected expenses.
Document management in one place: The module organizes and verifies all related documents, ensuring that all necessary files are available.
Integrated operation: Integration with financial systems allows for seamless management of costs and performances arising from contracts.

The Contract Management module not only simplifies and automates contract management processes but also ensures that the company meets all important deadlines and obligations on time. This module is particularly advantageous for large enterprises that need to manage dozens or even hundreds of contracts simultaneously.

Entrust the management of contracts to BerényiSoft Ltd.’s innovative AI solution
and ensure that your company operates efficiently and in legal compliance!