Management of contracts requires three separate operations to be successful: storage and retrieval of individual scanned contract documents, retrieval of contracts based on detail contained within them, and workflow to support creation and amendment of existing contracts (with appropriate approval processes).
Because contract management exists within Predict.X’s data sphere, contract data stored in the platform is seamlessly linked to supplier profile and risk data, as well as contracted spend data with those suppliers and wider market price benchmarks for specific items. Furthermore, full-suite SRM can be enabled for suppliers with contracts, allowing pro-active SLA management and overview for all preferred suppliers.
For those storing Airline and Hotel contract data in Predict.X’s platform, the results even allow for real-time quantitative analysis of air and hotel contract performance and compliance by both travellers and suppliers.
Effortlessly manage contract review and renewal
Monitor supplier performance through full-suite SRM
Integrated transactional data helps you achieve full contract value
Total control of approval and sign-off, and an exhaustive audit trail
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