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Contractmanagement frustration: ERP systems might have basic contractmanagement capabilities, but they can’t handle the whole contract lifecycle, from creation to execution and renewal. Procurement software offers a one-stop solution that covers the whole range of contractmanagement challenges.
This professional community knows that solicitations and contractmanagement are going to be digitalized in the coming years, and appreciates our knowledge and experience in the sector. During an interactive, productive, day-long discussion we covered: 1.
How Transparency is Ensured in Procurement Transparency is achieved through open contract notices, public tenders, and clear evaluation criteria. many Government departments and agencies use eProcurement platforms to publish contract opportunities , award decisions, and procurement processes.
Contract Lifecycle management is an area we have seen huge demand in over the last year or two. Many of our customers leverage our contractmanagement solution for both authoring or contract repositor. The second immediate application concerns the contracts themselves: contract segmentation into clauses.
Contract Lifecycle management is an area we have seen huge demand in over the last year or two. Many of our customers leverage our contractmanagement solution for both authoring or contract repository. One of the initial use cases the team is tackling is for contract analysis. .
Naturally, you should make sure you evaluate technologies’ capabilities in those areas, but think about the future at the same time. If you are getting started, you are likely looking to start with technology to address a specific process ( Strategic Sourcing or P2P for example).
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