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The vendor will provide a contract lifecycle management system supporting contract request and intake management, drafting, clause library and template management, workflow configuration, approval routing, negotiation, and version control. The solution should enable electronic signatures or integration with electronic signature services.
The system should provide a centralized contract repository with metadata management, obligation, milestone, and renewal tracking, as well as access models for suppliers, counterparties, and other stakeholders. It should support management of supplier contractual obligations, including third-party risk management obligations, actions, attestations, and compliance-related deliverables.
Additional requirements include reporting, dashboards, management information, audit trails, access controls, document history, and integration with relevant enterprise systems. Search, analytics, artificial intelligence-assisted review, and other advanced functionality may also be considered.
Analysis generated by Settle AI from the source RFP.
Settle pieces together buyer signals, budgets, contract activity, and the sources your team already monitors. See why an opportunity fits and what to do before the RFP posts.