Contract partner management

What is meant by Contract partner management?

"Contract partner management" refers to the process of managing information about the various partners with whom a company enters into contracts or maintains business relationships. This includes customers, suppliers, service providers, contractors, and other business partners. The goal of contract partner management is to centrally capture, maintain, and update all relevant data about these partners to ensure effective collaboration and communication.

Typical functions of software in the "contract partner management" domain are:

1. Capture of partner information: The software allows for the capture and storage of basic information about contract partners, including contact details, company details, contacts, and contract relationships.
2. Categorization of partners: Users can categorize partners based on various criteria, such as business type, industry, geographic location, or contract type.