Which information related to contracts can be accessed via analytical apps? (Select 2)

Accessing information related to contracts through analytical apps provides organizations with insights that can help them manage their procurement processes more efficiently.

The mention of unused contracts highlights a significant aspect of contract management, as it allows users to identify contracts that have been established but not yet utilized. This insight is crucial for organizations to optimize their procurement strategies and ensure that resources and agreements are leveraged effectively.

Expiring contracts also serve as vital information, as analytical apps can help organizations stay ahead of impending contract expirations. Being aware of upcoming expirations allows teams to initiate renegotiation discussions or seek replacements in a timely manner, preventing disruptions in supply or service availability.

Contract performance reports offer insights into how well contracts are meeting expectations, allowing for performance analysis and informed decision-making. Similarly, supplier contract history gives context to past interactions with suppliers, guiding future procurement choices.

While these options reflect important insights, focusing on unused and expiring contracts specifically addresses the need for proactive contract management, enabling more strategic oversight of contractual engagements and ensuring that opportunities are not overlooked.