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1.4.1
Zurich, Yokohama, Xanadu, Washington DC
Contract Obligation Management enables effective oversight of contractual responsibilities for both contracts based on a company's own paper or third-party paper. This tool helps organize often unstructured contracts by defining their obligations of the parties involved. This application helps identify and monitor these obligations to ensure their timely fulfillment. Failure to meet obligations on time may result in revenue loss, cost overruns, non-performance, non-compliance, reputational damage, or penalties for the contracting parties.
- Contract manager can create obligation records for a contract and also specify if the obligation is recurring or ad hoc.
- Contract manager can assign obligation approvers and submitters for each obligation record.
- Obligation task creation
- Obligation tasks are automatically created for recurring obligations based on the schedule.
- Obligation tasks will be manually created for ad hoc obligations.
- Submitted obligation will undergo approval process for final closure.
- Changed
- Enhanced all listing pages in contract workspace to support presentation list.
- Added required RCA and cross scope to support presentation list.
Permissions and roles:
- Role required to install the app: System admin (admin)
Dependent on Applications:
- Contracts Core (sn_cm_core)
Optional applications:
- Contract Workspace (com.sn_cm_workspace)