Contracts
Centrally store executed agreements in Felix to easily find, track key dates and report on contracts
Struggling to find contracts across systems and spreadsheets?
If any of these sound familiar, you're not alone:
- Having trouble quickly and easily locating all contracts for a project?
- Does each business unit, project or region store contracts in different places, making it difficult to have visibility across all contracts from an organisational perspective?
- Does the way your organisation store and manage contracts bring risk when it comes to auditing?
- Missed a contract renewal date or contract extension which ended up costing the business money?
- Want to automatically set reminders based on contract key dates to ensure deadlines aren’t missed, minimising your risk?
If you answer yes to any of these questions, Felix is here to help.
Introducing Felix Contracts
Gone are the days of having contracts stored in a web of emails, shared drives and desktops, making important files difficult to track and access, and important dates easily missed.
Centrally store agreements and supporting documents within Felix, providing one source of truth for you to manage contracts – both overall, and at a vendor-specific level.
Felix goes beyond your traditional contract repository solution, offering the ability to summarise contracts, and set key dates and reminders to ensure that costly deadlines aren’t missed. With an option to export reports for further analysis in business intelligence tools, Contracts communicates with other Felix modules for an easy, seamless experience to help manage your vendors, tenders and supporting agreements.
Track key dates and add reminders
Delivering on contracts post-execution requires a timely focus of deliverables, notices and other tasks. Bring key dates such as contract renewals and extensions to life and connect reminders for teams to take action.
- Don’t miss critical dates or deadlines that could end up costing your organisation money
- Keep track of key dates in one summary view
- Stay on top of deliverables by setting email reminders for your team
Frequently Asked Questions
What is a contract repository?
A contract repository is a centralised, digital database where an organisation stores, tracks and manages its agreements. It serves as a single source of truth that replaces fragmented storage like filing cabinets, email inboxes and shared drives.
Felix’s Contracts module centralises agreements, key dates and supporting documents in one place, improving visibility and reducing risk.
Can Felix be used as a contract repository system?
Yes. Felix allows teams to centrally store contracts, executed agreements, and supporting documentation within the platform, ensuring all required information is in one place and easy to find using filters and search functionality.
How does a contract repository reduce risk?
When contracts are scattered across emails, shared drives, and desktops, critical dates are easily missed and auditing becomes a significant risk.
Felix's centralised contract repository addresses this by giving organisations one source of truth for all agreements. Key dates such as contract renewals and extensions are tracked in a single summary view, with email reminders set for the relevant team members so costly deadlines aren't missed.
How does Felix improve contract visibility across an organisation?
Felix solves this by providing a single, centralised repository where teams can use filters and search functionality to quickly locate contracts, and export contract reports into business intelligence tools for greater oversight across the organisation.
See Felix Contracts in action
Uncover a better way to centrally store and manage your executed agreements. Get an obligation free demo today.