With increased visibility and achievable control, ensuring compliance is simplified. There are two aspects to compliance, first and foremost is compliance with legislative directives, such as Sarbanes-Oxley and Basel II. The second and not so evident aspect is adherence to contract terms by contracted organizations. Since most contracts are managed by exception, material events, such as: delivery dates, contract renewals, supplier obligations, commitment levels, pricing revisions, are not readily evident. Emptoris Contract Management provides configurable event triggers based on pre-defined parameters that are customizable for each contract. Predictive notification of when key events are supposed to happen guarantees a contract is actively managed and essential deadlines and deliverables are not missed. With tight integration to enterprise ERP systems, such as SAP®, Emptoris Contract Management ensures that financial systems are terms and conditions aware.
- Successful Audits the First Time, Every Time
- Eliminate searching through mounds of paper and file cabinets
- Contracts, amendments and associated documents instantly presentable
- Proof of controls in effect
- Ensure operational systems are aligned with contractual obligations
- Pre-built integrations to solutions from Oracle, PeopleSoft, JD Edwards, SAP, and others
- Measurable Results
- Insight into spend and supplier performance
- Move from reactive to predictive management
Learn More about Emptoris Contract Management:
|
|