What is the purpose of the contract management system?

The contract management system aims to facilitate the company in managing all contracts with clients thereby reducing disputes between the two parties. contact our team of experts to find out the best software for your business.

What are the components in the contract management system?

There are four components of contract planning and management which include Contract Management Plan, Supplier Relationship Management, Transaction Management, Variation.

What is the use of contract management application?

You can use a contract management application that makes it easy for companies to track and manage various existing contracts. Both contracts that are approaching expired or still a long grace period.

Singapore’s Best Contract Management System

Q: What is Contract Management Software?

Contract Management Software is a software that facilitates the process of managing all aspects related to the agreement between the two parties

Our Contract Management software helps you manage all types of contracts in one repository, access them directly from anywhere, automatically receive notifications when a contract is nearing expiration, among other capabilities.

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3 Types of HashMicro’s Contract Management software

Project-Based Contract Management

Enables you to manage contracts related to your projects and track the profit and loss (total income) generated by the project.

Rental-Based Contract Management

Helps you manage rental-related contracts efficiently. Track rented items, contract terms, and rental revenue in one place.

Contract Document Management

Helps you maintain all types of contracts, including any files & attachments that support the integrity of the contracts.

Contract Management System’s Main Features

Project-Based Contract Management

Progressive Payment Tracker

Discover a simple method to monitor and calculate the total amount owed according to job completion.

Terms and Conditions Documentation

Easily create and customize the terms and conditions that you want to apply to each contract.

Project Profit and Loss Tracker

Gain real-time insights into each project's profit and loss through automated tracking and analysis.

Rental-Based Contract Management

Rental Expiry
Tracker

Get effortless tracking for the expiration of your rental contracts. Notifications will appear automatically before a contract expires.

Recurring Invoice Creation

Automatically create recurring invoices every time you receive rental orders from the same customers at regular intervals.

Rental Item
Tracker

Keep track of all your rental items, check their availability, and identify overdue rental items to charge the appropriate late fees.

Contract Document Management

Contract Expiry
Tracker

You can track the expiry date of all your contracts with ease. Get automated alerts to renew your nearly expired contracts.

Contract Creation and Editing

Users can flexibly create and customize various types of contracts, and grant permission to other users who are trusted to edit them.

Files and Attachment Management

With this feature, users can easily store and manage any files & attachments related to contracts without storage limits.

The Integration of Contract Management Software

HRM System

Integrate the Contract Management System with the HRM System to enable you to create employment contracts using a complete employment database.

Contract

CRM-Sales System

The CRM-Sales System or Sales Management System makes it easier for you to create a different contract for each client based on the quotation sent.

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Explore Other ERP Modules

We also provide other modules your business might need.

Accounting

Get your cash flow estimated accurately. Generate various financial statements within seconds and reconcile your bank statements with a few clicks.

Inventory Management

Control inventory levels, manage and monitor stock transfers, and optimize inventory turnover at your store or warehouse.

Procurement

Ensure item purchases are in accordance with demands. Create POs and place orders with the right suppliers automatically.

"Switching to HashMicro was a game-changer. We now get real-time insights, track assets on the go, automate our procurement, and keep workflows running smoothly from site to office. The system is intuitive, the features are powerful, and the impact is tangible."

"HashMicro has become a reliable operational backbone that supports both day-to-day needs and long-term growth."

"HashMicro has made our operations smoother, more efficient, and honestly, just easier."

"HashMicro has really helped our work much easier. We can manage sales, inventory, finance, and more in one system, making everything more organized and efficient. It's user-friendly, and their support team is always ready to help. I recommend it to any business that wants to improve the way they work."

"Our journey with HashMicro's ERP had challenges, but the system significantly improved our operations. Despite some delays and training gaps, the Consultant and Project Manager were responsive, flexible, and committed, and we truly value their effort and support."

"I appreciate the immediate response and strong system knowledge. However, accounting technicalities caused some misunderstandings. The company should provide an accountant with deeper expertise to better address client needs. Overall, the support has been good and mostly on time."

"HashMicro's consultant has been very helpful to our team. She is always available whenever we need to consult something about the project. She makes it easy for us to raise questions. She also knows the system very well that she's able to answer even some of the technical questions that we raise during meetings."

HashMicro Singapore

OUE Downtown Gallery #04-01, 6A Shenton Way, Singapore 068815

+65 8777-6207

+65 8777 6207 (WhatsApp)

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What Is
Contract Management Software (CMS)?

Contract Management software (CMS) is a powerful digital solution designed to streamline and automate the contract management process for businesses and organizations. This software, often referred to as construction Contract Management software in the construction industry, provides a centralized hub for managing contracts.

Whether you're using an in-house Contract Management software or a contract management app, CMS offers a range of functionalities that improve efficiency, reduce risks, and ensure compliance with legal and regulatory requirements. With customizable contract management tools, you can easily create and tailor contracts to your specific needs.

While both Customer Relationship Management (CRM) and Contract Lifecycle Management (CLM) are important for businesses, they serve different purposes.

Customer Relationship Management (CRM) primarily focuses on managing customer relationships and interactions. It helps businesses track leads, manage sales opportunities, and provide better customer service. CRM allows you to centralize and organize customer data, track communication history, and monitor customer interactions to build stronger relationships and improve customer satisfaction.

While CRM focuses on managing customer relationships, Contract Lifecycle Management (CLM), a part of the contract management suite, is designed for managing contracts from creation to expiration. CLM includes features such as contract negotiation software, which is particularly prominent in Singapore, and it helps streamline the contract management process.

Effective contract management, supported by customizable enterprise Contract Management software and contract document management software, plays a crucial role in the success of businesses and organizations. Here are some key reasons why contract management is important:

1. Ensures compliance
2. Minimizes risks
3. Enhances efficiency
4. Improves vendor relationships
5. Optimizes financial performance
6. Increases productivity

Contract Management software, which can be as specific as contract building software in Singapore or as broad as enterprise Contract Management software, is versatile and can manage various types of contracts, including construction contracts, a focus of construction contract administration software.

Here are some common types of contracts that can be efficiently managed with CMS:

1. Procurement contracts
2. Sales contracts
3. Employment contracts
4. Service contracts
5. Lease agreements
5. Non-disclosure agreements (NDAs)
6. Partnership agreements
7. Construction contracts
8. Government contracts

From contract creation with our contract builder to automated tracking and reminders, our CMS covers every aspect of the contract lifecycle. As a leading contract management solution in Singapore, it offers powerful analytics and reporting to optimize your end-to-end contract lifecycle.

Yes, Contract Management Software (CMS), including enterprise ones, can work with CRM and ERP systems to keep data moving smoothly. Everything will sync properly, so there is no need to worry about messy records.

Once CMS connects to CRM and ERP, businesses can automate tasks, clear workflows faster, and get more accurate data. Contracts, customer info, and financial records all update automatically across systems, so there is less manual work and fewer errors.