Sourcing
Strategic Sourcing
Build category insights and monitor savings. Plan and perform or delegate execution.
Tactical Sourcing
Run events using Procuterra or external tools. Drive savings with collective bargaining.
Contracts
Contracts are one of the most important aspects of procurement that are set up to fail from the start. Most organizations grow organically and are able to earn favorable contracts with theirsuppliers but it doesnt always translate to Procurement savings. Procuterra Contracts not only enables your purchases to be tracked to avoid contract leakage, it can help you track all types of contracts in a single cockpit so the entire enterprise's obligations are managed and tracked in a single system.
Read MoreProcurement
When you choose your next eProcurement solution, please don't choose between direct and indirect purchases. Do it all with Procuterra's eProcurement solution. Enable your direct and indirect purchases to be managed in the same tool and get a fresh perspective on savings.
Read MoreInvoicing
Solve your AP. Go from an onerous process to lights out AP using our tools. Solution for global invoice processes that is customizable to meet your organization's needs.
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Drive compliance with contracts
Whether you are dealing with outward-facing procurement and sales contracts or internal agreements, Procuterra Contracts can help you negotiate savings and capture revenue opportunities. The solution includes a single cockpit for enterprise-wide contracts from authoring to negotiation, and approval – as well as contract execution through electronic signatures. It also provides task-driven reminders, search and reporting mechanisms, and contract renewal processes for ongoing compliance and performance management.
Harness the power of AI and standarized workflows
With enhanced buy and sell-side capabilities, Procuterra Contract Management enables companies to collaboratively create and manage contracts across categories and functions, including sales, finance, marketing, real estate, legal, procurement and IT. AI heps support natural language processing and proofing of contracts to reduce decision time on clauses and risk. Through contracting tools and support from AI, organizations can move beyond basic authoring and document archiving to manage terms and risks and drive compliance with agreements on an enterprise-wide basis
- Leverage AI to mitigate risk and manage authoring efficiently
- Use pre-approved clauses and boiler-plate contracts, reducing risk exposure by imprudent wording and permitting legal to manage approvals by exception
- Shorten the contract creation and approval cycle and eliminate legal backlog
- Gain visibility into contracted spend enterprise-wide
- Track contracts and provide advanced notice of expiration
- Reduce revenue leakage
- Eliminate maverick spend
PROCUTERRA CONTRACTS MANAGEMENT
FEATURES AT A GLANCE
Leverage AI & Natural Language Processing algorithms build into Procuterra's Contract Management application to proof-read your legal documents and eliminate common risky verbiage.
Track your contracts and manage control of your legal liability from one tool.
Reduce you contract creation and approval time as well as reduce your legal backlog.
Keep maverick spend under control and manage productive contracts.