Contract Lifecycle Management For Procurement

Overview

Speed up the process – Reduce supplier and vendor onboarding time up to 10X by automating workflows like managing mandatory information requests.

Optimize procurement with a CLM system that does the heavy lifting

Establish consistency and governance – Ensure every contract complies with corporate standards and includes consistent and appro-priate language with a digital repository, clause library, and configurable business rules engine. A secure, permissions-based vendor portal facilitates negotiations.Monitor contract compliance – Track supplier performance against service level agreements and contract obligations. Get visibility into opportunities and risks with customized reports and automatic alerts for spend, expirations, compliance, and more.