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Contract Lock
Contract Lock is a key functionality in Procure-to-Pay software that builds a culture of compliance by providing real-time access to contracts, holistic visibility and automatic contract capture for non-PO invoices.
Key features of Contract Lock
Creating catalogs from existing contracts
Purchase items directly from contracts
View contract T&C and Utilization while requisitioning
Link non-PO invoices to existing contracts
Contract Lock Advantages
Real Time Access
Contract Lock provides a real-time access at the point of requisition. It helps users stay up-to-date with all the contract related details.
Holistic Visibility
This feature provides a holistic visibility into contracted terms. It also gives visibility in utilization while ordering.
GPS for Requisitioner
Guided Purchasing System (GPS) in Contract Lock ensures hassle-free process for requisitioners or users towards existing contracts.
Automatic Contract Capture
Contract Lock also provides a feature where the contract is automatically captured for non-PO invoices.