Maintain a central contract repository, enhance contract governance and improve vendor relationships

Execute contract governance and vendor management 

 

Directly store key information and characteristics of each contract including hierarchy of legal contract documents or connect through links to your own document repository systems

Direct access to core functionalities related to each contract (recurring & one-off activities, detailed dashboards, change logs for audit trail, spend management, etc) 

Manage Contract and Suppler Categories through configurable classification criteria.   

E

Spend Management: Overview and management of budget (projected value) vs actuals (spend lines). Can be stand-alone functionality in SourcingCockpit or can be imported from your P2P environment

E

Meta-data: possibility to define flexible & configurable tagging meta-data fields (per contrcat) that are specific to your organisation

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Portfolio view

Easy access (through filtering) to the relevant details of all contracts in your company or business unit

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Sub-contracting

Create a sub-contracting hierarchy by connecting 1 or more contracts to a master agreement

h

Stakeholders

Quick and easy access & overview of the stakeholders involved with your contract 

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