GEM/CARAT system implementation benefits

GEM/CARAT system implementation benefits –

  • Contracts cannot be lost,
  • Contract statistical information and contract reports are created very quickly – contracts and their attendant documentation are stored in a centralized data repository
  • Contract decisions are made faster – all approval process participants have operational access to contracts and all the relevant information
  • Decision-making process is transparent to all its participants – contracts are versioned and full contracts history is kept
  • Contract approval process time is shortened – contract movement is performed immediately and at the same time all participants are notified about the necessity of making a decision on a contract
  • Process controllability is improved – contract approval process can be fully controlled