Contract Intelligence: Deliver Your Negotiated Terms

Contract Intelligence enables you to leverage contract visibility and monitor performance to deliver your negotiated results. Not only can you obtain visibility into and organize volumes of contracts across your enterprise, but with Contract Intelligence you can also monitor key performance metrics and improve supplier management all in one accessible online location. In addition, you can demonstrate prudency by managing contract compliance to your negotiated terms and conditions.


SEE EVERYTHING

Increase Visibility Across Your Contracts

If you can’t find it, you can’t see it

An enterprise-wide repository for all contracts is your first step to delivering performance improvements.

Central Document Repository – See everything by storing your contracts in one accessible, secured online location

Dashboard Configuration – Customize the look to see all of your contracts, sort by contract manager, category, supplier

Collaboration Enablement – Allow multiple enterprise departments to access the same information to collaborate in negotiations, project and contract management

Transparency – Track document revisions, amendments and order changes to maintain an auditable trail


DIVE DEEPER

Dive Deeper

Set Performance Measurements

You can’t improve what you can’t measure

Break down the complexities of your contract by setting Key Performance Indicators (KPIs) to monitor performance.

KPI Database – Tap into over a decade of expert consulting experience through our 100 out-of-the box KPIs, or by adding your own

Action Item Management – Stay on top of your schedule using alerts for key dates, contract renewals, due dates and special clauses

Index-Based Contracts – Tie your contract to commodity markets and create terms by accessing 10,000+ public and private indices


NAVIGATE THE FUTURE 

Manage Compliance Across Your Contracts

Deliver your negotiated results

Take control of your contracts. Keep on top of your contracts to detect market anomalies and monitor supplier performance to deliver savings opportunities.

Supplier Performance Management – Monitor supplier performance to contract terms through self-reporting capabilities

Identify Savings Opportunities – Track contract performance to market conditions to identify in- or out- of market opportunities

Contract Negotiations – Track cost indices and contract compliance to hedge or renegotiate with real time market conditions

Manage Total Payouts – Gain transparency into your contract payouts and manage to the total scheduled payout structure


 

Contract Intelligence: Deliver Your Negotiated Terms

Contract Intelligence enables you to leverage contract visibility and monitor performance to deliver your negotiated results. Not only can you obtain visibility into and organize volumes of contracts across your enterprise, but with Contract Intelligence you can also monitor key performance metrics and improve supplier management all in one accessible online location. In addition, you can demonstrate prudency by managing contract compliance to your negotiated terms and conditions.

Product Benefits:

Save Time and Increase Accuracy:

Collect data with our unique approach to view and report on current spend, events, cost information and contracts, all in one place.

  • Link historical spend to contracts
  • Create contracts from events on our sourcing platform
  • Manage index-based contracts from cost indices
  • Provide market information on contract suppliers, products and services

Track Contract Performance:

Deliver negotiated terms in a prudent manner by tracking contracts' key performance indicators through Performance Tracking. Validate and track rates, unit prices, safety, diversity and more.

  Improve Supplier Management:

Manage the performance of suppliers to their contractual requirements through our Supplier and Contract Monitoring Status. Empower suppliers to update their contract status to alleviate the time and effort from your team.

Manage Contracts to Market Conditions:

Create customized cost indices to specifications and track pricing compliance to market conditions. Monitor indexed performance graphs to quickly identify discrepancies between invoiced and indexed contracts.

Contract Intelligence: Deliver Your Negotiated Terms

Contract Intelligence enables you to leverage contract visibility and monitor performance to deliver your negotiated results. Not only can you obtain visibility into and organize volumes of contracts across your enterprise, but with Contract Intelligence you can also monitor key performance metrics and improve supplier management all in one accessible online location. In addition, you can demonstrate prudency by managing contract compliance to your negotiated terms and conditions.

Product Features:

Dashboard Configuration:

Provides one location to view all contracts and configurable portlets for users to customize views to quickly download into Excel.

Contract Document Repository:

Central and accessible database to search contracts with easy-to-use functionality.

Transparency:

Tracks document revisions, amendments and order changes to maintain an audible trail.

Action Item Management:

Allows for alerts, tasks, milestones and notes to be created and set for best communication of contract details.

Collaboration Enablement:

Allows management across contract management key stakeholders as well as with suppliers.

KPI Database:

Taps into over 100 out-of-the-box KPIs, or can be configured with your own list.

Contract Scorecarding:

Provides a roll-up of all Key Performance Indicators (KPIs) with configurable weights and time periods.

Contract Intelligence Brochure

PowerAdvocate Contract Intelligence: Deliver Your Negotiated Terms

Do you have complete visibility into all of your contract activity? Do you know how many of your contracts are in- or out-of-the market, or are your payments matching contract terms? Are you leaving savings opportunities on the table?

One of the most difficult problems in supply chain management is ensuring that you obtain all of your negotiated benefits from the sourcing process throughout the life of your contracts. Why is this so difficult? As capital project activity increases to meet evolving requirements, contract volume is multiplying. In addition, utility contracts are incredibly complex and require a collaborative approach. Coupled with the unprecedented commodity market volatility seen in recent years, managing these increasing complexities requires both discipline and market insight.

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