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Contract Lifecycle Management
Find value across the contract life cycle with Sievo’s Contract Lifecycle Management.
- Create and efficiently manage one centralized repository for all contracts, accessible anywhere, 24/7.
- Connect managed contracts to spend data in one platform across all offices and across the whole organization.
- Monitor and take action on expiring contracts, renewals and renegotiations.
- Set up advanced alerts and notifications to yourself and to suppliers.
- Assign ownership of contracts.
Manage Contracts for Value
Sievo has re-invented Contract Management software by managing contracts for value.
Many Contract Management solutions available today only allow you to create, approve and store contracts in a central repository. They offer limited solutions once the contract has been filed.
Sievo’s Contract Management solution has been designed from ground-up based on the needs of key clients. It allows you to proactively manage contracts across the contract lifecycle and with a close link to spend data.
Filing new contracts with Sievo is quick and easy – it takes just 2 minutes to upload a new contract and get started. With the basics covered, you instantly gain visibility across all the contracts across your whole organization. You can identify areas of improvement or suppliers that may need attention exactly at the right time, whether it is 3 or 6 months before the contract expires. Use advanced notification features to pin-point renewal and renegotiation opportunities quickly and easily.
Ways that Sievo’s Contract Management goes above and beyond to help you manage contracts for value:
- Monitor contract coverage. Review how much of total spend is covered by contracts, and key areas where it can be improved.
- Ensure contract compliance. Ensure contracted suppliers are being used and reduce risk of maverick buying.
- Refine the contract lifecycle. Get notifications of soon to expire contracts and ensure renewal and renegotiation process is optimized.
- Plan ahead for strategic sourcing. Review commitments across categories to identify the right time to source new suppliers.
- Allocate responsibility. Review contract coverage by team member or by category to assign tasks and actions.
Ready to manage your contracts for value? Request your free live demo.
Why stop at Contract Management? Go beyond :
Turn your heterogeneous source data into categorized spend data and tangible opportunities
Translate spend analysis into savings opportunities, execute savings projects and track savings contribution
Leverage spend data for creating forward looking view on price, spend, volumes and profitability