Contract and Supplier Governance
Project Manager
Our contract and supplier governance services offer solutions for managing suppliers, their contracts, spend and performance, and third party risk. Our suite of managed services provides a structured and cost-effective way to maximize supplier contract value as well as providing consulting services to strategically manage the vendor portfolio. Our professionals provide best practices and automation to align supplier relationships with business objectives, promote operational transparency, and better manage vendor contracts, all while lowering the cost of supplier and contract governance.
Complex supplier contracts and hybrid operating environments can, if not intentionally and closely monitored, result in value leakage through a number of factors. These include inadequate governance, lack of performance reporting, and a breakdown in communication between the organization and its suppliers. Our technology-enabled solution provides best-in-class contract and supplier governance delivered as a managed service. It is powered by our proprietary AvaSense™ platform that provides a contract repository along with capabilities for document management, dashboards, and analytical reporting.
Our contract and supplier governance services is a comprehensive solution:
Valuable information relating to day-to-day operations is often lost within the many and varied clauses in supplier contracts. Pay-as-you-use models of service and multi-supplier environments complicate supplier relationships and contract governance. Our contract management services enable our clients to review and monitor the crucial components of their contracts. This ensures effective change management and compliance with terms for deliverables, obligations, renewals, terminations, and exceptions. Our methodology promotes consistency of expected outcomes, governance discipline, and compliance at all stages.
Financial Management
ENHANCED PARTNERSHIPS
Transition Management Solution
Financial management of supplier contracts is vital to governing and achieving the business value envisioned during contract inception. Contracts that are poorly managed lead to value leakage and erode the expected gains associated with supplier contracts. Our financial management services help organizations reconcile invoices, capture discounts and credits, and gain greater transparency in demand management and total spend across all suppliers. This is achieved through a holistic, workflow-based approach to financial management, analytics, and dashboards.
Our transition management services provide a structured and cost-effective way to successfully manage and govern the transition to a new supplier contract. Based on proven best practice methods and processes and combined with state-of-the-art technology, our transition management services help organizations establish better supplier relationships, maximize contract value, and enable continuous improvement.
CONTRACT AND SUPPLIER GOVERNANCE CLIENT CASE STUDY
One of the largest quasi-governmental bodies was experiencing a strain in ensuring transparency and alignment with its suppliers and vendors. We identified core capabilities missing from the client’s contract and supplier governance practices and partnered with them to establish their internal processes. Our services, supported by our proprietary contract and supplier management system, now provides the client with access to real-time analytics, dashboards, and live support by a team of experts. Our work enabled the client to realize savings of up to 25% across their IT services portfolio of suppliers and achieved 100% compliance with risk controls across all proactively governed contracts.
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