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By: Pascal PERRY

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Contract Management Functions & Features

Contract management functionality provides the ability to create and track the company's work contracts and allows administrators to define specifics such as terms and conditions, overtime, expense rules, etc.. Contract Management Functions & Features are an important module of the comprehensive HCM RFP Template.

The HCM RFP template with Contract Management Functions & Features for HCM is a Microsoft Excel spreadsheet (.xlsx) featuring a total of 1430 decision criteria. The HCM RFP template allows you to quickly and easily prepare the business, functional, and technical requirements sections of the solicitation package you'll send to HCM software vendors. It ensures for:

  • complete response from each HCM software vendor
  • deep and accurate evaluation of submitted HCM proposals
  • impartial side-by-side comparison of HCM solutions evaluated
  • rational and documented selection of the best matching HCM system

The HCM software comparison report can save you up to 90% of the time you would have otherwise spent comparing all the HCM solutions from scratch.

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The Contract Management Functions & Features comprise the following elements:

  • Automatically calculates contract days and contract daily rates

    Automatically calculates contract days and contract daily rates, Contract Management Functions & Features

  • Mass update capability for automatic contract renewal

    Mass update capability for automatic contract renewal, Contract Management Functions & Features

  • Agreement number (for collective bargaining)

    Agreement number (for collective bargaining), Contract Management Functions & Features

  • Contract type

    Such as temporary, seasonal, etc. Contract type, Contract Management Functions & Features

  • Current contract start and end dates

    Current contract start and end dates, Contract Management Functions & Features

  • Contract can contain multiple periods (start/end)

    Contract can contain multiple periods (start/end), Contract Management Functions & Features

TEC Advisor can save you up to 90% of the time you would have otherwise spent figuring out on your own which HCM solution is the best for your needs.

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Functions and Features