The mining and resources sector has for some time enjoyed very favourable economic conditions. It is now more than ever, in these times of economic uncertainty that resources companies must extract the maximum value from existing and new negotiated agreements.

In category sourcing, end-to-end contract management processes are critical in ensuring a consistency of approach and maximum contract compliance. Being able to continuously improve your sourcing processes depends on effectively tracking and measuring what you do now. Contract Management System support of these contract management processes provides pre-emptive alerts of commercially critical trigger points and milestones, and automation of processes, allowing contract managers to focus on relationships, instead of wading through spreadsheets.

Open Windows is currently implementing contracts-ENTERPRISE integrated with SAP in large resources companies and showing payback of investment in months.

Open Windows contracts-ENTERPRISE gives these customers end-to-end contract development and sourcing capability and validation and population of SAP master file and supplier data. The system also brings actual order and payment data back to your single point of contract truth from SAP, meaning you will finally have all the information you need at your fingertips.

Open Windows contracts-ENTERPRISE automates contract creation and negotiation, including electronic publishing and submission of tenders & quotations and evaluation of submissions, and carries all of the knowledge you build in the RFx process, through to the delivery phase to assist review and continuous improvement.

Operational compliance and governance of contracts means real time reporting is available on risks and contract commitments, slashing the time it takes to generate management reports.