Solutions for Vendor Contract Management: Efficient, reliable management of vendors, contracts, and procurement for cost savings and compliance
When it comes to contracts and spending, public sector organizations and government agencies at every level must deal with heavy regulations and scrutiny. Regulations are constantly changing, and transparency is more crucial than even before. In addition, each agency has its own, unique challenges and requirements around vendor and procurement-related contracts. Managing vendor relationships requires the right technology—that’s where AKA Enterprise Solutions can help.
Built on the Microsoft platform and tapping into the power of Microsoft Dynamics 365 ERP functionality for finance and accounting, AKA’s Vendor Contract Management drives efficiency, transparency, and accountability. Vendor Contract Management enables you to:
- Organize procurement contracts
- Store procurement information in one convenient location
- Identify procurement method when purchasing
- Control pricing and limit spending
- Track spending by contract
- Link procurement transactions (requisitions, purchase orders) to contracts
- Use procurement categories – NIGP or other
- Allow contracts from other entities (state, federal) and track info
Cost-effective vendor contract management
Government and other public sector agencies are challenged with tight budgets. With AKA’s Vendor Contract Management, which the guesswork out of requisitioning, bidding, contract management and monitoring, payments, and so on, you close the holes in your processes that can lead to increased costs.
Workflows that ensure legal compliance
Legal compliance is paramount for any public sector agency. AKA’s Vendor Contract Management facilitates compliance by helping you organize, monitor, and report on every document and process—with complete transparency to ensure accountability, fair competition, fiduciary responsibility, and legal compliance.
Assured compliance with procurement policies and procedures
Maintaining contracts is only part of managing vendors and contracts; you must have the ability to identify how to purchase items and services, which can get very complicated. AKA’s Vendor Contract Management gives you the flexibility to comply with the processes for each specific purchase, from price and type of purchase to whether or not to get quotes from multiple vendors. You and your procurement department can easily identify how you’re buying and manage any related contracts.
Rely on experts to help you tackle vendor management
AKA’s experts in Microsoft and other technologies, along with decades of experience working with governments and public sector agencies understand the issues around managing your vendors and contracts. You can rely on us for a solution that will meet all those challenges.