Software to actively manage contracts throughout the procurement lifecycle
The IBM® Emptoris® Contract Management Buy Side solution enables companies to streamline and improve the contracting process and actively manage those contracts throughout the procurement lifecycle. The software automates the management of the contract lifecycle from creation and execution, through performance monitoring, amendments, analysis and re-negotiation.
Companies with contract management solutions create stronger contracts, improve supplier and vendor relationships, and actively enforce compliance and mitigate risks.
- Gain Global Contract Visibility – Gain access to the supplier intelligence held within the global contract portfolio.
- Ensure Compliance – Leverage contract data and intelligence to proactively drive supplier compliance.
- Actively Manage Risk – Create stronger contracts and actively enforce terms to mitigate risks.
- Streamline Contract Processes – Streamline, automate and expedite the entire contract process.
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.
Central location for all tasks assigned to each user, easy access to approve, review, draft and negotiate contracts
Contract Creation Wizard:
Easily create contract by following a fully configurable wizard
Quickly and easily edit contracts to accelerate negotiation and approvals
Review and approve contracts on the go from any smartphone or tablet
Emptoris Contract Management Buy Side resources
IBM Software Subscription and Support is included in the product price for the first year.
Not available for purchase online.