Smart contract management in NetSuite
Contracts are supposed to help you, not surprise you. With ContractIQ, you get a grip in NetSuite on all contracts. Avoid missed notice periods or unnecessary renewals. You receive a reminder at the right time to start the conversation, about renewing or amending. So you also monitor for the right time to renegotiate.
ContractIQ provides overview, exactly where you need it: on your Vendors, Vendor Bill or Fixed Assets. In NetSuite and without additional NetSuite licenses.
What does ContractIQ do?
- Enter your contracts in NetSuite or retrieve them from an external source.
- Based on metadata (term, start date, notice period), an overview is created automatically.
- Contracts are linked to the attributes they’re about, so Saved Searches kan create every wished insight.
- You see the right contracts in exactly the right place: for example at your Vendors and on Vendor Bills.
- Receive reminders the way you want, so you can terminate, renew or renegotiate on time.
What else do we do?
- Monitor a budget based on the contract. Linking expenses to the contract provides insight into the used and available budget that was agreed upon. This makes it easy to monitor a Vendor or you may be the best informed.
- We’re building smart OCR technology that automatically scans and recognizes contracts. Just like you may already be doing with incoming invoices.
- We offer assistance in loading your existing contracts into NetSuite. The main desire is to get all contracts into NetSuite, which doesn’t have to take you a lot of time.
Why ContractIQ?
-
Cancel on time
It probably happened before: a contract you wanted to cancel is already in the automatic renewal process. Avoid renewing contracts you no longer need. That saves money and risk. -
On time renewal
No stress about contracts you do need. Even more important are the contracts you depend on.
You get an alert right on time. As a reminder in NetSuite and, for example, by e-mail. -
Manage efficiently
Contract management can be time intensive. With ContractIQ, we achieve one overview. No Excel lists. Less searching. Less hassle.
More grip and time savings. - Log the history
A contract can expire, be renewed, extended, terminated or renewed. With ContractIQ, you not only store active contracts but also create history and an audit trail of contracts that are no longer active.
We are happy to tell you more about how the module works and what features it offers.
Easily insert your contracts
So that you can use the metadata in NetSuite
And enjoy NetSuite functionalities as you are used to
More about NetSuite
The Power of NetSuite SCA
The most interesting part of working in NetSuite is its comprehensive nature. No single day is the same, no environment is the same and also many experts do very different work in NetSuite. To discover more about the work of our NetSuite SCA developer and the opportunities SCA offers, we asked our SCA expert 4 questions.
Transition to NetSuite2.com: What Does This Mean for You?
In this blog, we discuss why this transition is necessary, the key changes, and, most importantly, how to prepare. Whether you’re an experienced SuiteCloud Connect user or simply use NetSuite in the background, these insights will help you navigate the transition smoothly.
