Presentation


Contract management in SFDC is a way for Salesrep and their manager to track the commitments taken with the customer. Legal process is not included in SFDC and remains in Contract'Tech.  

  • A contract covers any formal commitment that is formalized in a legal agreement and signed by both parties. Typical wording used across Syensqo for contracts include: sales / purchasing / supply / sourcing agreement, award letters, business allocation.


Types of Contracts

 There are 4 record types of Contracts:

  • Sales of goods/service
  • NDA/JDA/MTA
  • Distribution agreement
  • Consignment stocks agreement

Process Overview

Process Overview

Contract is the final part of the sales cycle, tracking the commitments taken with the customer.

Managing contract inside Salesforce can move our deals forward by:

  • Making available all information to the SalesReps and their managers (details of volume, price, expiration date, etc.) at any time.
  • Managing the complete approval process in SFDC
  • Setting an automatic reminder before the expiration date.

The process follows these statuses:

  • Draft
  • Pending Approval
  • Approved
  • Rejected
  • Signed

Contract Management in the CRM aims at:

  • Capturing key contract elements that are important for the Sales and marketing teams in their interactions with the Account (especially on long term contracts, for the new KAM taking over from KAM who had negotiated the contract)
  • Managing the Approval process with automatic triggers to pre-defined approvers (based on contract complexity / value qualifiers)

It is not aiming at describing all contractual elements constituting the contract and it is not aiming at storing the contract itself, these two parts being the responsibility of the Legal family with their complete Contract database managed in the "Contract'Tech"



Training Materials

(No docs on Contract Management)