Source to Contract

Spend Analytics collects, cleanses and classifies historical spend data; and provides a real-time view into current spending for planning and compliance initiatives.

• Identify product, service and supplier rationalization opportunities
• Aggregate demand across your organization for negotiation leverage
• Monitor compliance of real-time spend in eProcurement 

Save time

No need to waste time manually looking through your data for spending patterns, information gaps, and inconsistencies. It’s all automated.

Data visualization

Quickly understand your spend: which suppliers are most important to your business, and where the greatest risks lie.

Better decision making

Identify opportunities by seeing price variations across similar goods and services, and where your employees are buying outside of preferred channels.

Category Management provides a strategic approach to organizing procurement resources and standardizing activities to focus on specific areas of spend.

• A central location for managing category strategies
• Standardize processes, workflows, and reporting
• Improve collaboration with cross-functional teams 

Visualize the goal

Focus your time with in-depth spend and market analysis to develop an understanding of the category, suppliers, demand, and opportunity.

Build your category strategy

Define objectives, evaluate risk, select levers such as price negotiation, supplier collaboration or demand reduction, and develop action plans.

Full accountability

Establish teams, assign tasks and roles, implement your strategy, track progress and report on results all in one place.

Supplier Management provides a comprehensive solution for managing of your suppliers across the entire procurement process.

• Configurable onboarding, assessment and segmentation
• Global 360 visibility into activity, performance and risk
• Develop stronger suppliers, correct poor performance, and encourage innovation.
• Comprehensive supplier development plans

A sound basis for SRM

Collect supplier information, complete the initial approval or vetting steps and on-board suppliers for successful supplier management.

A single repository

All your supplier data is in one place – the  platform – ensuring “one version of the truth”.

Informed decisions

Know which suppliers best support your business with full visibility into supplier performance and development activities.

Sourcing solutions support all of your sourcing needs across all spend categories, event sizes, and evaluation strategies.

• Quick and easy for simple “3 bids and a buy” RFQs
• Easily support detailed bids for services and direct materials
• Utilize optimization for the most complex, e.g: transportation 

A robust solution

Create events, manage and evaluate supplier responses, and award contracts more efficiently – cutting bidding cycles in half.

Find the best suppliers

Identify the right suppliers to support your business goals, getting a 360˚ view of price and non-price information.

Any sourcing process

Manage almost any sourcing process, eRFX and eAuction for contract negotiations, sourcing optimization, BOM-based events etc.

Contracts aligns what you buy, and from whom, with the results of your negotiations with suppliers, for a closed-loop process that drives on-contract purchasing.

• Push sourcing and supplier data directly to contract templates
• Populate purchasing catalogs and POs with contract data and terms
• Measure supplier and organizational performance against contracts 

An end-to-end solution

Manage every phase of contract development from initiation through negotiation, approval, execution, renewal, and expiry.

Compliance

Guided authoring, templates and clause libraries, and automated review and approval workflows reduce risk and increase compliance.

Alerts & reminders

Stay ahead of contract surprises with automated alerts for renewals, expirations and other milestones.

Address largest and most complex  sourcing  events   

Manage Large Complex Spend Categories

• Unlimited number of suppliers/items, /bids.
• Typical sourcing events exceed large individual bids. 

Combine multiple local & regional sourcing activities

•  Offer larger buying volumes to get deeper per unit discounts. 

Unlimited Award Optimization 

• Effortlessly include all business requirements into final award decisions to find the lowest cost that supports business requirements.

Sourcing Structure Management and Analysis

• Create simple to complex sourcing templates to reflect exact elements of purchasing needs. 

Optimization Efficiency

•  Allocations that use to take days to calculate now take seconds.