Draft, approve, sign, and manage every supplier contract in one place — with zero expiry surprises and full utilisation visibility.
Supplier contracts are the commercial foundation of every supply chain relationship. Yet most procurement teams manage contracts through a combination of shared drives, email chains, and manual reminders — leading to expired contracts, missed renewal windows, under-utilised frameworks, and compliance exposure. Proconomy's CLM module covers the entire contract journey — from AI-assisted creation (template, scratch, or PDF import) through configurable approval workflows, multi-provider electronic signature, active execution with price escalation and obligation tracking, through to renewal or expiry. Legal teams can work in Microsoft Word with a native Add-in that syncs directly to the platform. Every contract is always in a known state, every obligation is tracked, and every risk is scored.
Every step is designed to eliminate manual effort, reduce errors, and give your team real-time visibility at every stage of the process.
A contract is created via a 3-path modal chooser — from a template, from scratch with the guided wizard, or by importing an existing document.
AI reviews the completed contract at Step 4 of the wizard — producing a risk score, flagging high-risk clauses, and extracting obligations before the contract is saved.
The contract document is uploaded or generated as a formatted PDF — capturing all agreed terms for signature.
The contract is submitted through an admin-configured approval chain — any number of steps, any roles, any sequence. Built in the workflow admin with no code required.
AI summarises contract terms and flags any clauses that deviate from company policy for approver attention.
Once approved, the contract is sent for electronic signature via your organisation's configured eSign provider — supplier signs first, buyer counter-signs to complete execution.
The active contract governs all related purchase orders — utilisation is tracked in real time against committed value.
The system proactively alerts procurement teams when contracts are approaching expiry — eliminating the risk of trading without a valid agreement.
AI identifies contracts where utilisation is low relative to commitment — flagging renegotiation opportunities before renewal.
Proconomy gives every stakeholder the right view, the right tools, and the right level of access — so no one is a bottleneck and nothing falls through the cracks.
These are not theoretical benefits — they are outcomes that procurement teams experience within the first quarter of deploying this workflow on Proconomy.
Every contract — its status, utilisation, expiry date, and amendment history — visible in one place. No more hunting through shared drives.
Structured digital approval routing eliminates the email approval delays that stretch contract execution timelines from weeks to days.
Proactive 90-day alerts ensure no contract expires without a deliberate renewal or termination decision — protecting commercial continuity.
Know exactly how much of each contract's committed value has been consumed through purchase orders — enabling renegotiation with data.
Long-term supply agreements with indexed pricing and volume commitments
Long-term agreements with complex compliance clauses and annual price reviews
Project-based contracts with milestone payments and retention terms
Service and maintenance contracts with SLAs and penalty provisions
Commodity-indexed LTAs for bonding wire and substrates with forward-buy intelligence
The end-to-end procurement engine — from demand signal to supplier payment, fully automated and audit-ready.
Explore 9 steps →Turn demand signals into purchase orders automatically — before shortages happen, not after.
Explore 6 steps →Qualify, approve, and activate new suppliers in days — not weeks — with AI-powered risk assessment built in.
Explore 6 steps →Digitise the entire Part Production Approval Process — from FMEA to PSW — with zero missing submissions and full audit readiness.
Explore 6 steps →See how Proconomy transforms this workflow for your procurement team — live, with your own scenarios.