Contracts
Note
This option pertains to the Hyperproof TPRM product line.
A "contract for vendors" in the procurement process refers to a legally binding agreement between a company (buyer) and a supplier (vendor) that outlines the terms and conditions for purchasing goods or services, including details like price, delivery schedule, quality standards, payment terms, and responsibilities of each party involved in the transaction; essentially ensuring both sides understand their obligations and potential consequences if those obligations are not met.
Note
Contact your Customer Success Manager to enable specific contract and document types for a catalog and the associated vendors.
Accessing contract types
From the menu, select Settings.
Select Contracts & Documents.
From the left menu, select Contract types.
A list of contract types displays.
To add a new contract type, click + Add New.
To search for an existing contract type, enter the contract type name in the Search field.
To delete a contract type, hover over the ... (More) menu and select Delete.
To access additional contract types, use the pagination options at the bottom of the list.
The contract types list has the following fields:
Field | Definition |
|---|---|
Contract Type | Displays the name of each contract type. |
Description | Displays the user-specified description for the contract type. |
Category | Displays the category associated with the contract type. |
Updated On | Date the document type was last updated. |
Actions | Actions that can be performed on the contract type.
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