BMEnet Seal of Quality for Contract Management

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.