One of the most important benefits you can get from a contract management application is to get reminded when a contract expire (or any other kind of contract events, of course).
With theContracts.net application, it’s easy: you just set the contract end date and then we will email you one month before the actual date and also on the actual date.
The way this works is that once you register a contract we automatically generate an Event for you, linked to that contract and set for the contract end date.
The application notification system will keep an eye out for events and will present that to you in multiple ways as well as raise email notifications well in advance.
You can tailor this even more, by defining a custom notification to that event, as early as you wish (not only 30 days before)
This is important, at we know it matters why you would want to get notified.
For example, if you have a contract with a supplier which has an automatic renewal policy with a specific grace period before termination, say 60 days.. then you likely want to get a reminder before that so you have time to plan your decision before that term lapses.
Or, it may be a subscription to an online service which allows you to cancel only within 30 days of the period so you’d like to get a reminder at about 15 days before. You can do that by defining a Notification linked to that event, on a date of your choosing.
Here are some sample examples on how such reminders can be helpful:
– define your car insurance as a contract with an end date set as needed.
– define the utility contract (eg: gas, electricity, water) with the end as specified there (even if it’s multiple years down the line, you’ll thank yourself for this, then)
– add the contract of you providing a service to someone else and take advantage of the notification so you can renew or renegotiate