When you award a sourcing event like an RFP or RFQ to a supplier, you can instantly generate a contract that pulls in all the agreed-upon terms, pricing, and specifications from that event. The system maintains a permanent link between the sourcing event and the resulting contract, so you can always trace back to see how the deal was negotiated and what alternatives were considered. This eliminates the need to manually re-enter information or dig through emails to remember what was agreed upon, saving you time and reducing errors while keeping your procurement history connected and transparent.