What is Procurement Contract Management?
Procurement contract management is about the managing of contracts associated with procurement or purchasing as part of legal documentation shared with partners, suppliers or even customers. There are advanced procurement software available that can eliminate manual processing where an enterprise has to go through a large volume of data in the form of historical records across categories, geographies, performance, renewal dates, as well as notifying the organization about red flags.
The contract management tool in GEP SMART™ , for example, provides complete, enterprise-wide contract management capabilities — from preliminary request to long-term maintenance, performance monitoring and analysis. The unified software enables contract data to flow seamlessly all through the contract life cycle — enabling faster subprocesses, including automatic document creation.
World's Leading, Unified Source-to-Pay Platform for Direct and Indirect Spend Management
GEP SMART is an AI-powered, cloud-native source-to-pay platform for direct and indirect procurement. GEP SMART offers comprehensive source-to-pay functionality in one user-friendly platform, inclusive of spend analysis, sourcing, contract management, supplier management, procure-to-pay, savings project management and savings tracking, invoicing and other related functionalities.
Next-Gen, End-to-End Supply Chain Management Platform for the Connected Enterprise
GEP NEXXE is a unified and comprehensive supply chain platform that provides end-to-end planning, visibility, execution and collaboration capabilities for today’s complex, global supply chains. Built on a foundation of data, artificial intelligence and cognitive technologies, GEP NEXXE helps enterprises digitally transform their supply chains and turn them into a competitive advantage.
