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What is one of the key benefits of the CALA Contract Management system?

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D
Dafnae Fritis

The platform auto-updates from Opera and Simphony, managing reconciliations by the 21st monthly, while DEPA II centralizes reports and enhances contract management efficiency.

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Slides (16)

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1. CONTRACT APP: What is one of the key benefits of the CALA Contract Management system? 

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The system was designed to improve contract efficiency and control, especially during audits.

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2. CONTRACT APP: Which of the following is NOT one of the possible contract statuses in the system?

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“Suspended” is not a valid status. Actual statuses include: Active, Waiting, Expired, Terminated, Draft, and Renewed.

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3. CONTRACT APP: The system allows insurance policies to be linked to contracts.

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True! Previously registered insurance policies can be linked to keep all contract information centralized.

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4. DEPA II & Benchmark: What is one of the main benefits of using the DEPA II platform?

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DEPA II centralizes key revenue reports and helps identify areas for improvement to strengthen internal controls.

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5. What is the main objective of the Benchmark DEPA dashboard connected to DEPA II?

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Benchmark DEPA allows the visualization of financial KPIs in USD and enables performance comparison among properties in a standardized way.

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6. Information in DEPA II is automatically updated from Opera and Simphony

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Yes, the platform is automatically fed from Opera and Simphony, ensuring timely and reliable information.

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7. What is the recommended deadline for reconciliations to be approved?

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To meet compliance standards, reconciliations must be approved no later than the 21st of each month.

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8. What happens on the 26th of each month according to the reconciliation calendar?

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On the 26th, the monthly reconciliation cycle closes: the system is locked, and the archiving process starts.

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