How to Add and Manage Counterparties?

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Introduction

A counterparty is any legal entity you enter into a contract with, such as a customer, vendor, or business partner. Effective contract management requires clearly defining the rights and obligations of both your organization and the counterparty.

During a typical contract lifecycle, you negotiate terms with a counterparty, and the contract only becomes effective once authorized representatives from both sides sign the document. Zoho Contracts makes it simple to add, edit, manage, and track counterparties in one place.

Step-by-Step Instructions

document. Zoho Contracts makes it simple to add, edit, manage, and track counterparties in one place.

How to Add a Counterparty

Go to the Counterparties tab in the top menu.
Click Add Counterparty in the top-right corner of the page.
Fill in the required details in the Add Counterparty
Click Add to save the new counterparty.

How to Edit a Counterparty

Open the Counterparties
Click the counterparty you want to edit.
In the top-right of the details panel, click More > Edit.
Update the details and click Update.

Tip: You can also edit a counterparty directly from the list page by clicking More > Edit next to the entry.

How to Delete a Counterparty

Navigate to the Counterparties
Click More > Delete next to the counterparty you want to remove.

Tip: Deletion can also be done from the counterparty details panel via More > Delete.

Viewing Contracts Linked to a Counterparty

Go to the Counterparties
Select the counterparty you want to view.
Open the Contracts tab in the details panel to see all related contracts.

Searching and Filtering Counterparties

Search: Use the Search bar at the top of the Counterparties page and enter the counterparty name to quickly locate it.
Filter: Click Filter at the top to set specific criteria and refine the list of counterparties.

Optimizing Counterparty Management
By efficiently adding, editing, and filtering counterparties in Zoho Contracts, you streamline the contract lifecycle, reduce errors, and maintain clear records for every business relationship.