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Contractpedia Review

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Excellent

Revainrating 5 out of 5  
Rating 
5.0
Sales, Contract Management

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Description of Contractpedia

Contractpedia is a cloud-based solution that helps you to organize and get a financial overview of the multitudes of contracts that govern your supplier relationships. Contractpedia will also help you to stay in control of auto-renewals and find money internally. It makes your contracts transparent so that you are fully aware of your actual expenses and remaining obligation and as a result benefit the most on your commitments.

Reviews

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Type of review

We use contractpedia for our company, the main reason was because we wanted to see where we stood with regards to our invoices. Our contract with our vendors states that we have 90 days to pay the invoice and if not paid within that time frame, the vendor gets legal action against us. This is a great tool for us to check if we have any outstanding invoices. Another thing that we like about contractpedia is that it allows us to automate processes such as paying invoices. In other words, if the…

Pros
  • Very easy to setup and configure
  • We like how the system allows us to quickly check for invoices without having to log into our account portal each time we want to do this.
Cons
  • Does not provide enough flexibility to add new vendors
  • The system does not allow us to import contracts from an excel spreadsheet.
  • No ability to export reports/data