Novatus Introduces Dynamic and Cost-Saving Supplier Registration Module to its Contract Lifecycle Management

New module allows businesses to invite, pre-screen, approve and develop a database of potential vendors, thereby reducing time and money spent in sourcing services and products.

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Our Supplier Registration Module provides businesses with a proactive approach to vendor and supplier sourcing, which in turn generates a tremendous amount of cost savings down the road.

Orlando, Florida (PRWEB) November 22, 2013

Industry leader Novatus Contract Management has developed and added a new Supplier Registration Module to its contract lifecycle management software. The module allows businesses to invite, pre-screen, approve and develop a database of potential vendors, thereby reducing time and money spent in sourcing services and products.

“The long and tedious search for suppliers is effectively handled and available as soon as clients need them,” says Novatus CEO Robert Gambotz. “Our Supplier Registration Module provides businesses with a proactive approach to vendor and supplier sourcing, which in turn generates a tremendous amount of cost savings down the road.”

Users of the Novatus Supplier Registration Module can either send or post a link for perspective suppliers and vendors to register with the company, providing key information such as contacts, line of business, insurance certificates, minority certificates, W-9’s, financials, or any other information required. From there, the supplier manager can review and approve or deny the business as a potential supplier/vendor and build a database of potential suppliers.

Additionally, registration expirations can be set up based on frequency, requiring suppliers and vendors to review their data, make changes and resubmit on a regular basis, thus keeping all information current. By having this function, companies can eliminate slow and resource-draining processes in re-approving a vendor when time is crucial in getting a task completed.

For information about the Novatus Supplier Registration Module or to request a free demonstration, visit http://www.novatuscontracts.com or call 877.745.3070.

About Novatus Contract Management

Novatus was founded in 2008 by well-respected and globally recognized contract and supply chain industry leaders. Known as pioneers in the contract lifecycle management (CLM) industry, the Novatus team is passionate about providing results-oriented contract, compliance and supplier management web-based software solutions. Novatus provides a user configurable solution and has unrivaled customer support resulting in measurable, positive business results for their clients. Novatus has a compelling and scalable business solution for companies of every size and today is being used by thousands of Global 1000 users to manage diverse purchase, sales and partner agreements. For more information, visit http://www.novatuscontracts.com or call 877.745.3070. Follow us on Twitter, Facebook , Google+ and LinkedIn.

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