“When does this expire again?”
TermWatch tracks the date and alerts the people who need to know before the agreement expires.
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Keep important agreement dates, responsible teams, and renewal decisions visible in one place, with alerts before something that needs attention becomes something you have to explain.
TermWatch tracks the date and alerts the people who need to know before the agreement expires.
See what’s approaching expiry across the bank without depending on somebody’s calendar, spreadsheet or memory.
Record the decision to renew and keep what happens next visible instead of letting the agreement sit at “expiring” indefinitely.
Capture the decision not to renew so Legal and the responsible team know the position and can take the next step.
Keep the responsible business or vendor-management team visible alongside Legal, so everyone knows who needs to act.
TermWatch gives the bank one place to monitor the agreements and arrangements that need ongoing attention.
A vendor contract reaches its end date. Nobody caught it early enough. The vendor is still providing the service. The bank still needs the service. And now what should have been a routine renewal has become an issue.
TermWatch gives the people responsible enough notice to deal with the agreement before the date
You shouldn’t have to open a spreadsheet, search an email, or message somebody in Vendor Management just to find out. TermWatch tracks the commencement date, expiry date, parties, responsible team, and current renewal position.
Different agreements and arrangements may have different owners and different reasons for being tracked, but the basic questions remain: “Who are the parties? When did it commence? When does it expire? Who is responsible for it? And what happens next?”
TermWatch keeps those answers together.
TermWatch keeps Legal and the responsible team looking at the same agreement, the same expiry date and the same renewal position.
TermWatch alerts the right people ahead of expiry, so there is time to review the agreement, make the renewal decision, and handle what happens next.
TermWatch gives everyone who needs to act the date, the warning, and the decision in one place, before “expiring soon” becomes “already expired.”