Overview
Agreements are formal, legally binding contracts between a business and its vendors or suppliers. These documents outline the terms and conditions for the provision of goods or services, including pricing, service levels, renewal periods, and other obligations.
Within vendor management systems, such as Spendflo, agreements help track and manage vendor relationships by documenting commitments, ensuring compliance, and setting the foundation for financial transactions. On the platform, the Agreements tab displays all active contracts tied to a vendor, allowing teams to track and manage contract terms, renewal dates, and associated costs.
Key Benefits
Contract Overview: View all active contracts with a vendor in one place.
Renewal Management: Stay on top of contract renewals and deadlines.
Cost Tracking: Monitor contract costs and payment terms.
Contract Compliance: Ensure agreements are up-to-date and active.
For more details about agreement listing, click here. And learn more about the spend tab within the vendor details page, click here.
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