IFS/Sales Contract Management™ provides lifecycle management of a sales contract from bid and tendering through completion and handover. It contains functionality for payment terms, mark-up and retention rules, contract revisions including baseline control, and contract status with staged workflow and detailed change history logging. It also has links to projects on a granular level including cost roll-up from projects. The component also includes Application for Payment functionality, which handles a cumulative valuation payment process by which the company applies for money on a regular basis based on work progress. It keeps control of defined mark-up and retention rules, certificates and payments.
"Sales Contract Management" is part of the IFS Applications line of products, developed by IFS North America, Inc..
"Sales Contract Management" is part of the IFS Applications line of products, developed by IFS North America, Inc..