Ext.data.JsonP.p4DF6C33F_F3CF_41F3_A22D_F9A63767C75A({"guide":"<h1 id='p4DF6C33F_F3CF_41F3_A22D_F9A63767C75A-section-basics'>Basics</h1>\n\n\n<p>Business Solution ELO Contract covers the entire contract life cycle, from creating a contract to terminating it. It implements the basic principles of <span\nstyle='font-weight:bold;font-style:italic'>contract management</span>, <span\nstyle='font-weight:bold;font-style:italic'>contract monitoring</span>, and what we will refer to as <span\nstyle='font-weight:bold;font-style:italic'>contract governance</span>.</p>\n\n\n<p><span\nstyle='font-weight:bold;font-style:italic'>Contract management</span> supports employees in various phases of a contract. The following describes a comprehensive process. You can skip over individual steps. The contract's entire life cycle can be considered a loop since contracts can be re-assessed and negotiated.</p>\n\n\n<p><p><img src=\"guides/p4DF6C33F_F3CF_41F3_A22D_F9A63767C75A/img1.png\" alt=\"\" width=\"390\" height=\"349\"></p></p>\n\n\n<p>Contract management begins with identifying the contract partners and requirements. A <span\nstyle='font-weight:bold;font-style:italic'>contract draft</span> can be created based on this information. Any negotiations with contract partners regarding prices, the scope of the contract, and contract form can be marked with the contract negotiation phase. Following contract negotiation, the contract is concluded. </p>\n\n\n<p>Concluded contracts are <span\nstyle='font-weight:bold;font-style:italic'>maintained</span> over the duration of the contract. Information such as invoices, correspondence, and e-mails can be added to the contract on a rolling basis. Further, contract information is reviewed and re-assessed. For this, <span\nstyle='font-weight:bold;font-style:italic'>contract monitoring</span> tools are available to prevent missing deadlines of concluded contracts.</p>\n\n\n<p>When contracts are terminated or expire, this is referred to as <span\nstyle='font-weight:bold;font-style:italic'>contract completion</span>. After a contract is completed, it is still available in the <span\nstyle='font-weight:bold;font-style:italic'>contract repository</span> and can be used as a knowledge database.</p>\n\n\n<p>Parallel to contract management, <span\nstyle='font-weight:bold;font-style:italic'>contract governance</span> tools for monitoring the risks and cash flows of all contracts are also available. These also serve as the basis for liquidity planning. Using contract groups, contract management can also be conveniently integrated into further solutions, such as project management.</p>\n\n","title":"Basics"});