Managing vendor agreements

Overview

Managing vendor agreements is a crucial part of maintaining strong relationships with vendors while ensuring compliance, cost-effectiveness, and alignment with organizational goals. This process involves overseeing contract lifecycles, tracking renewal dates, evaluating terms, and monitoring performance to make informed decisions about vendor partnerships. By actively managing vendor agreements, organizations can optimize spending, mitigate risks, and maintain favorable contract terms.

Editing an agreement

Step 1. Navigate to the “Vendor Management” module from the nav bar., and click on “Agreements” from the dropdown.

Step 2. Click on an active agreement, and navigate to the menu on the agreements details page.

Step 3. Click on “Edit” to proceed.

Step 4. Once the edits are done, complete the steps.

Deleting an agreement

Step 1. Navigate to the “Vendor Management” module from the nav bar., and click on “Agreements” from the dropdown.

Step 2. Click on an active agreement, and navigate to the menu on the agreements details page.

Step 3. Click on “Delete” to proceed.

Step 4. Once the edits are done, complete the steps.

To learn more about managing vendors and agreements, click here.