SoftCo Contract Compliance is a specialized software solution designed to streamline and automate the management of contract-based spending within organizations. Integrated with SoftCo’s Procure-to-Pay modules, it facilitates the entire lifecycle of contract management, from initial storage and approval to auditing, renewal, and reporting. The platform centralizes vendor contracts in a secure, compliant repository, ensuring that all contract documents are easily accessible and protected. By proactively matching invoices to agreed installment plans—even when purchase orders or goods receipt notes are absent—the software reduces manual intervention and accelerates the invoice approval process. Comprehensive dashboard reporting and proactive alerts help users monitor contract status, exceptions, renewals, and potential overcharges, ensuring that no critical deadlines or compliance requirements are missed. Automated invoice generation against recurring contracted spend further reduces administrative complexity and cost, while configurable tolerances enable efficient contract and invoice auto-matching. SoftCo Contract Compliance empowers finance and procurement teams to achieve 100% visibility over contract spend, improve audit readiness, and align procurement processes with financial controls.

Features & Benefits

• Contract Spend Management: Enables approval and control of contract-based spend within the eProcurement module.
• Compliant Contract Storage and Security: Centralizes vendor contracts in a secure, compliant repository for easy access and auditability.
• Proactive Matching and Alerts: Automatically matches invoices to installment plans and sends alerts for renewals or exceptions.
• Complete Contract Lifecycle Management: Supports storage, search, auditing, and renewal of contracts throughout their lifecycle.
• Automated Non-Invoice Contracts: Generates invoices matched against existing supplier contracts for recurring payments.
• Comprehensive Reporting: Provides dashboards and detailed reports on contract status, exceptions, and spend visibility.