Unimarket is excited to introduce the Contract Management Dashboard in NOVA Contracts, a powerful new tool designed to provide procurement leaders and contract managers with real-time visibility into their organization's contract portfolio. By transforming complex data into actionable visual insights, the dashboard helps you manage risk, optimize spend, and ensure timely renewals.
Contract Performance at a Glance
The dashboard features four high-impact metric tiles that provide an immediate snapshot of your contract health:
- Total Contract Value: Instantly see the aggregated monetary value of your entire contract portfolio based on your active filters.
- Active Contracts: A real-time count of all contracts currently in an "Active" state.
- Expired Contracts: Stay ahead of compliance risks with a clear count of contracts that have passed their end date.
- Due for Renewal: Proactively manage your pipeline with a count of contracts approaching their renewal or alert dates.
Visualizing Your Portfolio
Beyond simple totals, the dashboard offers several interactive visualizations to help you drill down into the details:
1. Contract Status Breakdown
A donut chart that groups all contracts by their current stage in the lifecycle. To simplify your view, all workflow-related statuses are grouped into a single "Review & Approve" category, alongside Active and Pending states.
2. Expiring vs. Renewing (6-Month Forecast)
This bar chart provides a forward-looking view of the next six months. It displays the total monetary value of contracts set to expire versus those set to renew each month, allowing for better financial and resource planning.
3. Top 10 Contracts by Type & Category
Quickly identify where your contracts are concentrated. These charts display the top 10 contract types and UNSPSC categories by count, helping you understand your organization's procurement patterns.
Powerful Filtering for Targeted Analysis
The dashboard is fully interactive. You can filter all tiles and charts by:
- Contract End Date: View data for specific timeframes (e.g., Last 6 Months, Next 12 Months).
- Contract Owner: Analyze the workload and portfolio of specific team members.
- Organization Unit: Drill down into specific departments or business units.
- Category: Filter by UNSPSC category to see data relevant to specific spend areas.
Getting Started
The Contract Management Dashboard is now available for all Nova Contracts customers.