Your solution for managing vendor relationships & tracking contract lifecycles
Together with the implementation of our Vendor Management Office process framework, SourcingCockpit will limit value leakage, increase compliance with regulatory requirements, reduce risks and improve operational performance of contracts and vendor relationships.
SourcingCockpit enables your Third-Party Risk Management (TPRM), Contract Lifecycle Management (CLM) and Supplier Relationship Management (SRM) processes.
Added value of SourcingCockpit
Produce "in control" reports for executive boards and (external) stakeholders
Reduce risks, increase operational efficiency and limit value leakage throughout the contract lifecycle
Contract & vendor management consistency through standard templates
Key functionalities of SourcingCockpit
SourcingCockpit fits into our Vendor Management Office process framework, which serves as a broader Third-Party Risk Management (TPRM), Contract Lifecycle Management (CLM) and Supplier Relationship Management (SRM) toolset that can be deployed in distinct business units or your entire company.
Easy access to all project, contract and vendor data (and archives) for internal and external reporting
Schedule and plan recurring processes, one-off tasks and allocated action items in business unit calendars
Perform project, contract and vendor governance with characteristics, meta-data, classifications & evidences
Execute recurring process management, assign tasks and track action items for projects, contracts and vendors
Multi country & business unit role-based model with owners, delegates & contributors (experts, validators, providers)
Delivering our Contract & Vendor Management Services
1. Design: together with the customer, we draw the overall Contract & Vendor Management outlines for the TPRM, SRM and/or CLM processes, create a phased maturity increase plan with a project roadmap
2. Build: based on the design, we develop the necessaryContract & Vendor Management processes, install supporting (SourcingCockpit) tooling & accelerators and coach / train the involved stakeholders
3. Run: We perform and run your Contract & Vendor Management process, operate the tooling and we staff the needed Third-Party Risk Management (TPRM), Contract Lifecycle Management (CLM) or Supplier Relationship Management (SRM) profile(s) at the customer
SourcingCockpit is a SaaS solution based on manageable templates for different contracts or vendor relationship types
SourcingCockpit manages recurring process activities (like performance, risk, governance, compliance management, etc) and one-off events (like escalations, exits, C-sats, transitions, benchmarks, etc)
SourcingCockpit offers insightful dashboards and powerful follow-up of action items and improvements