Speed up the process — Reduce supplier and vendor onboarding time up to 10X by automating workflows like managing mandatory information requests.
Establish consistency and governance — Ensure every contract complies with corporate standards and includes consistent and appropriate 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..
Leverage your ERP data — Integrate with your ERP system to take advantage of enterprise data. For instance, align cost center codes to track spend against budget.
-Max Elvey, Governance and Supplier Analytics manager, Williams Lea Tag.
