Overview

Contract Management is used to create and manage supplier contracts based on items or services that are purchased over the life of the contract.

A contract is a formal, legal agreement between a buyer and a seller for the buying of goods and services. You can create contracts outside of a company's legal department but still follow set guidelines such as terms and conditions.

Contracts are stored in a single repository and they can be used with companies that use non-Infor applications. This list contains other features of this solution:

  • Create a contract from predefined terms and conditions
  • Use document templates to create a contract document during negotiations
  • Select predefined articles and terms
  • Apply flexible pricing, including tiered pricing and multiple price structures for an item
  • Support items and vendor items from the Infor Inventory Control and Purchasing solutions
  • Record and track rebates
  • Use retainage to withhold a portion of a payment to ensure a project is completed

For information about setup, see the Supply Management Setup and Administration Guide.