Fabasoft Contracts awarded BMEnet quality seal for contract management
Released on 24. September 2021
Professional association verifies that the software ensures greater efficiency across the entire contract lifecycle
The German Association for Supply Chain Management, Procurement, and Logistics (BME) has presented AI-based contract management software Fabasoft Contracts with the “Contract Management” BMEnet seal of quality.
Only software products and electronic platforms that promote optimization in the areas of procurement and logistics can be considered as candidates for the quality seal. The audit is conducted against a set of criteria defined by the BME that are designed to make the market for software solutions more transparent. The requirements range from the ability to populate the digital file using drag-and-drop to contract categorization and clause management, full-text search, and revision-secure storage for different types of documents. This ensures that both decision-makers and users abide by audited quality standards.
“Fabasoft Contracts has successfully passed the exhaustive audit performed on the basis of the BME criteria catalog for contract management. This sophisticated standard product stands out thanks to its immediate usability, the efficiency gains generated through the use of artificial intelligence, and its user-friendliness,” confirms Andreas Richter, Certification Officer at BMEnet GmbH.
“Awards granted by independent organizations furnish invaluable proof for Fabasoft of our industry expertise and the high quality of our software products. We take our responsibility in meeting the expectations of our customers very seriously. That makes receiving this seal of quality for Fabasoft Contracts particularly meaningful,” says Robin Schmeisser, Managing Director of Fabasoft International Services GmbH.
About Fabasoft Contracts
The cloud-based standard product Fabasoft Contracts uses artificial intelligence to generate, digitalize, and manage contracts and contract-related documents efficiently throughout their entire lifecycle. The system boasts powerful, centralized contract management software functions including native advanced electronic signature capabilities in accordance with the European Union’s eIDAS Regulation, as well as intelligent, semantic full-text search, customized workflows, and integrated deadline management with an automated reminder feature.
Boasting some 9,750 members, the Association for Supply Chain Management, Procurement and Logistics (BME) is the professional association for supply chain managers, buyers, and logisticians in Germany and Central Europe. BMEnet, a practice-oriented service provider and subsidiary of the BME association awards quality seals to software and platform vendors. The organization focuses on procurement solutions – the association’s core competence.