| With approximately half of a company's revenue spent on goods and services provided by external suppliers, contracts dictate terms, pricing, service levels, and obligations for nearly every buyer-supplier relationship. With contracts central to these relationships, value is largely driven by a company's ability to effectively create, manage, and control supplier contracts. Although contracts are at the heart of supplier management activities, purchasing automation solutions on the market today fail to automate the complete contract lifecycle. The lack of contract lifecycle automation between spend analysis, sourcing, e-procurement, and accounts payable solutions leads to protracted contract development and negotiation cycles, improper contract approvals, limited contract visibility and control, and an inability to ensure that suppliers and daily operations are in compliance with established contract terms.
Emptoris Contract Management, the industry's most comprehensive contract management solution, combines powerful contract authoring, negotiation, and approval processes with contract administration, enterprise reporting, and proven controls, in an easy-to use interface. It enables companies to optimize contract management processes while managing payment obligations and capitalizing on profit opportunities to ensure supplier management strategies are achieving their full potential.
Increase Sourcing Effectiveness
The Emptoris solution enables companies to collaboratively create, negotiate, and approve contracts. Emptoris Contract Management integrates source data into a contract repository and provides powerful support for newly sourced deals. This results in accelerated contract development
and negotiation cycles, while ensuring proper controls and enforcing approvals.
Drive Operational Systems
Ensuring contract data, such as terms, supplier information, product, and pricing, is consistent cross supply chain and e-procurement systems can be a considerable challenge. Many companies experience data management problems and are unable to validate purchase orders against contract terms. Emptoris Contract Management eliminates this problem by providing purchasing systems with contract data that is always up to date, even as contract amendments take place over time.
Manage Internal Obligations
With every executed contract comes a myriad of obligations, such as payment schedules, due dates, performance-based contingencies, and follow up requirements for missed obligations. Emptoris Contract Management tracks contract obligations and uses rule-based notifications to enable purchasing professionals to proactively meet company commitments.
Enable Supplier Compliance
 Emptoris Contract Management enables procurement professionals to gain proper spend visibility relative to the terms as executed in their supplier contracts. Using pre-built integrations to leading solutions such as Oracle, PeopleSoft, JD Edwards, SAP and others) companies achieve compliance with a lower total cost of ownership while preventing negotiated savings from leaking away.
Analyze and Improve Contracts and Procurement Operations
With Emptoris Contract Management's powerful analysis capabilities, procurement professionals can easily:
- Measure cycle times and evaluate productivity
- Assess contract risk levels across the supplier base, and eliminate sub-optimal contracts
- Conduct contract audits
- Identify key business trends in spending and purchasing operations
- Perform workload planning
Emptoris Contract Management extends spend analysis solutions by providing critical insight into actual spend as it relates to contract terms. As a result, sourcing professionals can make decisions based upon the complete picture of supplier performance.
Learn More about Emptoris Contract Management:
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Overview 
Product Offering
