Contract

From Egistix Oil Help

Contract management or contract administration is the management of contracts made with customers, vendors, partners, or employees. Contract management includes negotiating the terms and conditions in contracts and ensuring compliance with the terms and conditions, as well as documenting and agreeing any changes that may arise during its implementation or execution.

It can be summarized as the process of systematically and efficiently managing contract creation, execution, and analysis for the purpose of maximizing financial and operational performance and minimizing risk.

Egistix Oil has several types of contracts designed to meet a variety of needs: Stream Contract, Wellhead Contract, Exchange Contract, and Cargo Contract.

Additional Feature also include Active vs All Contracts, Standard Deductions, Market Areas, Clauses, New Month Processing, and report such as Contract Report, Netback Report, Pricing Letter Report, and Contract Analysis Report.