An important requirement for effective Spend Control is a central repository of supplier contracts. But many organisations find themselves today with contracts stored in many different places – often in paper form, which carries all the costs and inefficiencies of storage, filing, copying, etc. Even scanned documents alone cannot support integration into purchasing systems or automated monitoring.

The cost impact is significant – savings opportunities are lost when negotiated contracts are not used, de-centralised contract management leads to duplicate agreements and missed opportunities for volume-based savings, and unnecessary costs are incurred when unwanted contracts are automatically renewed.

In this webinar, we discuss why tackling Contract Management is a ‘no-brainer’ and reveal how you can quickly and efficiently put in place:

• A searchable contract repository with comprehensive electronic information; document attachments; ownership; extensive reporting capabilities; and secure global access
• Standardised processes to monitor and manage all contracts
• Integration with purchasing systems to provide contract visibility at buying time, match invoices against contract terms, and collect actual activity

The benefits of a comprehensive, accurate, and up-to-date contract repository combined with automated contract monitoring and management processes are significant:

• Ongoing cost savings from increased visibility and usage of negotiated contracts
• Ongoing savings from elimination of automatic renewals of unwanted  contracts
• Reduced supplier risk due to elimination of missed contract reviews
• Reduced administrative cost of contract handling throughout the organisation

To find out how to increase the proportion of spend ‘under management’ and ‘on contract’ by providing improved visibility and control of contracts, register your free place at this webinar.

CLICK HERE TO REGISTER