How leading global companies from all industries are using enterprise contract management to optimize their procurement processes.
In today’s high velocity, rapidly changing, complex sourcing
environment, procurement organizations must deliver value far beyond cost savings. Rather, they must completely transform how they think about procurement to accelerate, protect, and
optimize their business. Reimagining the contract management foundation and placing it in the center of the sourcing process is the key to that transformation.
Contracts are the single source of truth for the obligations,
entitlements and risks in supplier relationships. Putting
contracts at the center of procurement enables buyers to
optimize the entire source-to-contract process, ensuring
compliance, minimizing risk, improving collaboration in addition to increasing savings.
In the following pages, you will read about how leading
companies have used ICM to automate the source-to-contract process and make their supply chains more efficient, resilient and sustainable.
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