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Solutions : Contracts : Business Benefits
LEVERAGE TOOLS AND INTELLIGENCE THAT DRIVE SUPERIOR RESULTS
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Required clause and term enforcement
Support for multiple and complex contracts
Online supplier collaboration channel
Performance and execution synchronization
Lower risk and minimize overall contract exposure
Reduce off-contract, off-catalog pricing and buying
Efficiently exchange information and define requirements
Track performance to ensure match with contract
Maximize contract value by optimizing usage and performance
Contract compliance monitoring tools
Agreement approval hierarchy settings
Contract verions and audit trail reports
Event alerts, notifications, and tracking
Review exceptions to use of approved terms
Design and manage approval workflows
Collect contract history and versions for review
Respond rapidly to problems with corrective measures
Drive contract compliance through enhanced visibility and control
Online negotiation for terms and pricing
Standard contract terms repository
Standard contract templates and approved
Approved fallback positions and amendments
Efficiently and accurately negotiate with suppliers
Leverage approved contract terms to create agreements
Realize additional value on previous contract work
Reduce the contract negotiation and cycle times
Cut contract cycle time with streamlined processes
Reusable contract templates
Document set up and confirguration
Performance tracking and review
Alerts and key event notications
Copy existing agreements to quickly create new ones
Generate standard and non standard contract documents
Make good decisions with contract and performance data
Take corrective action to quickly eliminate problems
Ensure best-practice continuous improvement in contract management
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