Contract management – redefined

A financial-services provider paid management costs for old lifts for several years even though they had long since been replaced by new ones. Contracts for mobile telephones continue for months on end even though staff have left the company. Leasing installments still have to be paid as the termination date has been missed. Experts estimate that companies sustain losses of several millions of euros each year as a result of such negligence.

Spider Contract can shed light on the details of your contracts. The system stores the data on virtually all types of contracts centrally regardless of whether these are purchase, rental, leasing, service or outsourcing contracts.

Thanks to seamless integration into the IT-Asset Management Spider, Spider Contract is able to offer users heightened benefits. The contracts used in the IT area are becoming increasingly complex in many cases, while the number of agreements required for a given workstation is rising dramatically.

Web technology makes this data available on an enterprise-wide basis. The integrated user management system channels data access to prevent information from entering unauthorized hands.

Spider Contract knows the answers to such typical questions as: Can a new mobile telephone be ordered? Must the contract be terminated this quarter to prevent automatic renewal? What impact does this agreement have on cash flow? In the case of critical contracts, an automatically generated precautionary e-mail message reminds the decision-maker to take the appropriate steps in good time.

Spider Contract attracted considerable attention in 2004. Listen to a report on German radio network ( 6 MB mp3) or read a project report by Computer Partner.