Are your contracting tools delivering the efficiencies you need?
Procurement used to be only about acquiring products and services for specific needs at the best price. Now, it’s also about getting the big picture right. It includes dashboards, where executives have access to the analytics and guidance they need to make optimal overall decisions for sourcing and partnering needs.
For the folks on the ground, procurement specialist roles have also changed. Beyond simply controlling expenses, procurement specialists are now expected to also manage legal and regulatory exposure, while providing valuable intelligence to key stakeholders.
This means that procurement specialists have to worry about contract compliance, renewal management, performing detailed spend, total cost of ownership, and other analysis and market research to support the sourcing process.
Benefits We Provide
Optimizing Procurement process & tools means that the organization is able to maximize productivity, has clear insight into the intelligence related to partnerships, agreements that include obligations as well as opportunities. Some key areas that are impacted and improved include:
- Drafting and clause selection protocol
- Negotiation positions and risk management
- Approval policies and compliance
- Signature policies and compliance
- Obligation management
- Productivity tools
We conduct interview sessions with stakeholders, user groups, support and operations to understand current state, desired outcomes, how governance, policies, rules and systems architecture can achieve desired business results.
We explore with the customer team, new AI/ML enabled technologies, map point solutions to re-imagined process and practices. Establish investment, ROI and launch opportunities.
Applying a high degree of discipline and competence we ensure that the project outcomes happen on time, on budget and that they are measured only against customer needs and goals.
We ensure that insight has been achieved that will be the foundation and framework for all future investment in the areas we build.
We leave the customer with a forward looking roadmap that will ensure the solution that is in place has longevity and meets the needs of ever changing of business and customer demands.
READY TO TALK?
See how IntelScout can help your business unlock actionable insights from your contracts.