Contract Lifecycle Management For Procurement
Streamline supplier onboarding
Speed up the process — Reduce supplier and vendor onboarding time up to 10X by automating workflows like managing mandatory information requests.
Negotiate better deals
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.
Track vendor performance
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..
Integrate CLM with your ERP
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.
Hear from Procurement Professionals“This has afforded us the flexibility to be able to render a series of highly contingent processes into a cohesive whole, without the requirement for additional resources. With our previous approach to CLM and supplier management, we couldn’t handle the complexity and the different rules guiding the diverse agreements and relationships without time-consuming manual interventions.”
-Max Elvey, Governance and Supplier Analytics manager, Williams Lea Tag.