What is the purpose of the contract management system?

The contract management system aims to facilitate the company in managing all contracts with clients thereby reducing disputes between the two parties. contact our team of experts to find out the best software for your business.

What are the components in the contract management system?

There are four components of contract planning and management which include Contract Management Plan, Supplier Relationship Management, Transaction Management, Variation.

What is the use of contract management application?

You can use a contract management application that makes it easy for companies to track and manage various existing contracts. Both contracts that are approaching expired or still a long grace period.

Malaysia's Best Contract Management System

Q: What is Contract Management Software?

Contract Management Software is a software that facilitates the process of managing all aspects related to the agreement between the two parties

Our Contract Management Software helps you manage all types of contracts in one repository, access them directly from anywhere, automatically receive notifications when a contract is nearing expiration, and many more.

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3 Types of HashMicro’s Contract Management Software

Project-Based Contract Management

Enables you to manage contracts related to your projects. It allows you to track the profit and loss (total income) generated by the project.

Rental-Based Contract Management

This module is designed to help you manage contracts related to your rentals. It allows you to track your rented items.

Contract Document Management

Helps you maintain all types of contracts, including any files and attachments that support the integrity of the contracts.

Contract Management System’s Main Features

Project-Based Contract Management

Progressive Payment Tracker

Find the easiest way to track and figure out the number of fees that must be paid based on the progress of each job.

Term and Condition Documentation

This feature enables you to create and customize terms & conditions that you want to apply to each contract.

Project Profit and Loss Tracker

HashMicro’s Project-Based Contract Management module also allows you to figure out the profit & loss gained from each project.

Rental-Based Contract Management

Rental Expiry
Tracker

Get ease in tracking the expiration of your rental contracts. Notifications will appear automatically before a contract expires.

Recurring Invoice Creation

Automatically create recurring invoices every time you receive rental orders from the same customers at regular intervals.

Rental Item
Tracker

Keep track of all your rental items, check their availability, and figure out overdue rental items to charge the right late fees.

Contract Document Management

Contract Expiry
Tracker

This feature allows you to track the expiry date of all types of your contracts. Get automated alerts to renew your nearly expired contracts.

Contract Creation and Editing

Users can flexibly create and customize various types of contracts, and grant permission to other users who are trusted to edit them.

Files and Attachment Management

With this feature, users can easily store and manage any files & attachments related to contracts without storage limits.

The Integration of Contract Management Software

HRM System

Integrate the Contract Management System with the HRM System to enable you to create employment contracts using a complete employment database.

Contract

CRM-Sales System

The CRM-Sales System or Sales Management System makes it easier for you to create a different contract for each client based on the quotation sent.

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Providing the right solutions for our clients is our focus and priority.

FAQs

Frequently asked questions about our software solutions.

We provide various types of support, from free consultations and blueprints to training and user manuals, ensuring that your software is runs smoothly.

Our solutions are very comprehensive and designed for 15 industries. Our ERP system offers unlimited user licenses. Therefore, it can be used by everyone in your company at no additional cost.

We provide ready-made software that continually improves our development team. However, our software can also be tailored to meet the unique requirements of each of our clients.

Yes, our software has a mobile version to help you run your business better. Our mobile apps cover various functions, depending on the modules you are using.

HashMicro is web-based ERP software that can be run through the internet on any mobile device via any web browser.

We use PostgreSQL database management system, which ensures data security and scalable performance for many of simultaneous users.

We use Python, one of the most popular programming languages, to develop our software programs.

Explore Other ERP Modules

We also provide other modules your business might need.

Accounting

Get your cash flow estimated accurately. Generate various financial statements within seconds and reconcile your bank statements with a few clicks.

Inventory Management

Control inventory levels, manage and monitor stock transfers, and optimize inventory turnover at your store or warehouse.

Procurement

Ensure item purchases are in accordance with demands. Create POs and place orders with the right suppliers automatically.

WHAT IS
CONTRACT MANAGEMENT SOFTWARE (CMS)?

Contract Management Software (CMS), also known as a contract management platform, is a powerful digital solution designed to streamline and automate the contract management process for businesses and organizations. This software, often referred to as construction contract management software in the construction industry, provides a centralized hub for managing contracts.

Whether you're using an inhouse contract management software or a contract management app, CMS offers a range of functionalities that improve efficiency, reduce risks, and ensure compliance with legal and regulatory requirements. With customizable contract management tools, you can easily create and tailor contracts to your specific needs.

While both Customer Relationship Management (CRM) and Contract Lifecycle Management (CLM) are important for businesses, they serve different purposes.

Customer Relationship Management (CRM) primarily focuses on managing customer relationships and interactions. It helps businesses track leads, manage sales opportunities, and provide better customer service. CRM allows you to centralize and organize customer data, track communication history, and monitor customer interactions to build stronger relationships and improve customer satisfaction.

While CRM focuses on managing customer relationships, Contract Lifecycle Management (CLM), a part of the contract management suite, is designed for managing contracts from creation to expiration. CLM includes features such as contract negotiation software, which is particularly prominent in Singapore, and it helps streamline the contract management process.

Effective contract management, supported by customizable enterprise contract management software and contract document management software, plays a crucial role in the success of businesses and organizations. Here are some key reasons why contract management is important:

1. Ensures Compliance
2. Minimizes Risks
3. Enhances Efficiency
4. Improves Vendor Relationships
5. Optimizes Financial Performance
6. Increases Productivity

Contract Management Software, which can be as specific as contract building software in Singapore or as broad as enterprise contract management software, is versatile and can manage various types of contracts, including construction contracts, a focus of construction contract administration software.

Here are some common types of contracts that can be efficiently managed with CMS:

1. Procurement Contracts
2. Sales Contracts
3. Employment Contracts
4. Service Contracts
5. Lease Agreements
5. Non-Disclosure Agreements (NDAs)
6. Partnership Agreements
7. Construction Contracts
8. Government Contracts

From contract creation, supported by contract builder software in Singapore, to contract tracking and reminders, CMS, functioning as a contract management solution, covers every aspect of the contract lifecycle. It offers contract analytics and reporting, key features of the best contract management software, to streamline processes.

Yes, Contract Management Software, including enterprise contract management software, can integrate with CRM and ERP systems, facilitating seamless data flow and improving business process efficiency.

By integrating CMS with CRM and ERP, businesses can achieve a higher level of automation, streamline their workflows, and improve data accuracy. The integration facilitates the exchange of crucial information between systems, ensuring that contracts, customer data, and financial data are synchronized and up-to-date.