Supplier Contract Management : Procurement and Payment Services

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Supplier Contract Management

Supplier Contract Management

Contract Management is a module within NUFinancials which serves as a central repository for contracts created on behalf of Northwestern University. Contract Management allows individuals with assigned roles to author new contracts, submit for internal and external collaboration and/or route for signature.

Roles and Responsibilities
Contract Management Life Cycle
Before Creating a Contract
Training Resources
Contact

Roles and Responsibilities

There are many users who have access to Contract Management that have been assigned new roles and responsibilities that are part of a contract life cycle, and the system of controls to enable proper creation, approval and execution of each contract entered into the system. Each individual within the contract life cycle provides the responsibility, knowledge and information to ensure that contracts entered into the system are authorized, accurate and auditable.

Learn more about the roles and responsibilities by reading Supplier Contact Management – Roles and Responsibilities.

Contract Management Life Cycle

The Life Cycle consist of all steps necessary to create a fully executed contract. The steps include:

Contract Creation
Contract Collaboration (internal and external)
Contract Approval
Contract Execution (or signature)

View the full Contract Management Life Cycle by viewing ROLES RESP - Contract Lifecycle.

Before Creating a Contract, please consider the following:

Supplier Profile- A supplier must have an active profile in NUFinancials before a contract can be created. A new supplier request must be submitted the Vendor File Management Team. You will need to request from the supplier:

A recent W9
Confirm their order to address
Confirm their remit to address
Confirm how POs should be sent; email or fax

Collaboration - All contracts created must go through collaboration before being submitted for approval and/or being signed.

Approvals - All contracts $25,000 and higher will need to be reviewed and approved by Procurement and Payment Services before being signed. The Purchasing Decision Documentation form (URL) must be attached.

Training Resources