Emptoris Contract Management Buy Side

Gain Global Contract Visibility

• Maintain a single, central repository with easy access to all contracts and amendments across the global organization.
• Gain visibility into each stage of the contract lifecycle from sourcing event and contract creation through execution, acceptance and delivery.
• Track commitments and obligations throughout the active life of a contract, maximizing service and value from each supplier contract.
• Gain quick access to supplier intelligence with configurable, robust contract search capabilities.

Ensure Compliance and Actively Mitigate Risks

• Ensure that agreed upon terms are defined and drive compliance from the outset of the supplier relationship.
• Certify that critical operating procedures and policies are inherent within contracts to meet regulatory and corporate requirements.
• Automatically route supplier contracts with non-standard language for further review and approvals.
• Give managers deep visibility into supplier terms and obligations—and intelligence on where exposure exists.
• Build upon existing investments and infrastructure by quickly integrating contract management directly with leading ERP, finance, and procurement solutions—and thus extend the enforcement power of contracts.

Streamline Contract Processes

• Automate the contract management process from creation and execution, through performance monitoring, amendments, analysis and re-negotiation.
• Allow contract information to be accessed by analysis tools downstream to improve supplier performance and negotiate better contracts.
• Accelerate time to closure by streamlining and expediting contract processes and gaining visibility into bottlenecks, negotiations and approvals.
• Create seamless and automated integration between sourcing event and contract execution improving contract negotiations and speeding time from bid to delivery of goods and services.
• Allow users to work directly in Microsoft Word while still maintaining contract controls.