Emptoris Contract Management for Procurement

Emptoris Contract Management empowers procurement organizations to actively manage their contracts throughout the procurement lifecycle to:

• Gain Greater Visibility – Gain visibility into each stage of the contract lifecycle from sourcing event and contract creation through execution, acceptance and delivery. The solution tracks commitments and obligations throughout the active life of a contract, maximizing service and value from each supplier contract.
• Define and Manage Risk – Place a strong, yet flexible, framework around the contracting process and provide pre-approved contract templates and language to everyone across the organization, ensuring tighter compliance enforcement and risk mitigation.
• Accelerate Time to Closure – Streamline the contracting process by automating and providing exception-based approvals, thereby removing unnecessary bottlenecks in the contracting process.
• Ensure Compliance – Establish a complete audit trail and ensure that critical operating procedures and policies are inherent within contracts to meet regulatory and corporate requirements.

Manage Contracts Across the Supplier Lifecycle

Manage and integrate contracts seamlessly across all stages of the supplier lifecycle to allow contract information to be accessed by analysis tools downstream to improve supplier performance and negotiate better contracts. The solution also supports the transfer from bidder to supplier, establishing parameters for the relationship between procurement and vendor.

Manage Across the Source to Contract Process

The solution creates seamless and automated integration between sourcing event and contract execution to allow flexibility in the contract negotiation process, strengthening compliance enforcement and speeding time from bid and delivery of goods and services.

Learn More About How Contract Management Strengthens Procurement Performance