Many contracts but no idea what is in them?

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Your software solution for
Vendor & Contract Management

How to optimize your contract management efficiency?

Want to reach your contract and vendor management goals with as little resources as possible? We’ve got you covered! Expert Koen Vercauteren is explaining the 3 key success factors you need to take into account to optimize your contract and vendor management efficiency.

Upcoming training sessions

1. Contract management best practices in a digital world (September 12 2022)
2. Unlocking obligations and rights in your contracts through artificial intelligence (14/10/2022)
3. How to optimize your contract management efficiency (16/11/2022)
4. Contract management doesn’t work on spreadsheets anymore. Learn why (19/12/2022)

Your software solution for
Vendor & Contract Management

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Produce "in control" reports for your board, management team or (regulatory) stakeholders

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Reduce risks, increase operational efficiency and limit value leakage throughout the contract lifecycle

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Ensure contract & vendor process consistency through standard activity templates

Key functionalities of SourcingCockpit

Access to responsive dashboards and trend reports for oversight

Manage Project, Contract and Relation records with meta-data

Assign activities for recurring process reviews, tasks and action items

Maintain activity calendars per business unit with alerting on due dates

Engage with different  stakeholders in the execution of activities

Use OCR Artificial Intelligence to scan and analyse contract documents

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Dashboard

Access responsive dashboards and trend reports for useful oversights and direct access to more detailed information
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Records

Manage Projects, Contracts and Relations with configurable meta-data for adequate information capturing
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Calenders

Maintain a calendar on company and/or business unit level for planning project and contract lifecycle activities including alerting on obligations and rights
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Activities

Perform project and contract lifecycle management activities with recurring process reviews, allocated tasks and assigned action items
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Stakeholders

Engage different internal and external stakeholders in the execution of your project and contract lifecycle management activities
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AI

Use Artificial Intelligence to scan and analyse contractual documents to identify contract (meta) data, obligations and rights.

Delivering our Contract & Vendor Management Services

1. Design: together with the customer, we draw the overall Vendor and Contract  Management outlines, create a phased maturity increase plan with a project roadmap

2. Build: based on the design, we develop the necessary Vendor and Contract Management processes, install supporting (SourcingCockpit) tooling & accelerators and coach / train the involved stakeholders

3. Run: We perform and run your Vendor and Contract Management process, operate the tooling and we staff the Vendor and Contract Management profile(s) at the customer

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Cornerstones 

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 OCR driven Artificial Intelligence to scan, read and interpret contracts 

Saas Software

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Template Based

Collaboration driven

Action items & Improvements

OCR Artificial Intelligence enabled