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The Compliance Management tile enables you to go through all Commitments available and take required actions on them. It consists of following tiles:
Every Agreement has obligations associated with it. These obligations are known as Commitments. You can manage Commitments by setting up reminders, transaction clauses, review timelines and much more using the Commitment Management tile on the Dashboard.
From the Commitments tile you can:
Every Agreement or Contract has obligations associated with it. The obligations are towards the transactions, clauses, and so on. Commitment is like a reminder to fulfil these obligations. For example, reminding supplier about contract expiry.
The Primary Owner creates a commitment to keep a track of a certain task relating to an agreement. The commitment owner on the due date of commitment, takes the appropriate action to fulfil the Commitment. For example, a Commitment may be to remind a supplier to provide necessary information on time , or to renew a contract, and so on.
To fulfil a Commitment:
Commitment will not be editable anymore. Do you want to continue?
Search allows you to search the customized values and the facet Search displays values of the commitment state and the count.
The customized values are also reflected in the existing Reports.
Related Topics: Commitment Actions | Fulfil a Commitment | Adding Commitments to Agreements
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