Contracts are too valuable to file and forget
Finding it hard to keep track of contracts?
Many procurement organizations lack standardized procedures to administer contracts. Often contracts are filed locally in each office, or uploaded haphazardly as PDFs in Sharepoint.
Find out how ISS Group were able to harmonize contract management processes globally across an organization with almost 500,000 employees.
Does contract coverage leave you in the dark?
It’s no good having contracts in place, if they aren’t leveraged consistently across your organization. Is lack of contract coverage putting you in risk of rogues and mavericks?
See how Schindler were able to link contract coverage to supplier spend in one central repository and unified platform.
Is the value of contracts lost in the fine print?
With thousands of contracts and tens of thousands of pages of legal jargon, it’s easy to get lost in the details. How well can your team utilize contract information to negotiate better deals?
Do you know which renewals and renegotiations to focus on? Can you see risk positions in contracted spend? Can you spot trends and opportunities across your contract portfolio?
Link contract data to spend to get more value across your contract lifecycle
Start with a secure and accessible home for all your contracts.
With Sievo, you can host all your contracts in a secure cloud-based platform with easy and intuitive access across teams, different business units or even across your whole organization.
It takes less than 2 minutes to add new contract to Sievo with flexible options to include attachments based on your organization’s unique requirements.
Once you have all your contract information stored securely, you can easily search for important contract information, or set notifications for important activities like contract expirations and renewals.
Control maverick spend collaboratively.
Mavericks and rogues beware, there is a new sheriff in town. Sievo gives Procurement the tools and insights to finally bring an end to uncontrolled spend.
Track contract coverage across each business unit or a specific category. Assign roles and owners to tackle contract coverage collaboratively.
Easily identify preferred suppliers in each category from contract information stored in your unified contract repository, and share best practices across different business units.
Close the loop on contract coverage with a streamlined contract approval workflow.
Find hidden value in contracts.
In contract management, the signature is just the start.
Manage contract portfolios strategically across their full lifecycles by leveraging contract metadata across your full organization.
Use contract data to save time and effort by identifying which contracts and suppliers to prioritize in negotiations.
Gain new savings opportunities by aligning contract terms between suppliers or different business units.
Identify risk positions on a category or supplier contract level.
See the big picture by linking contracts to spend data.
Leaders get more value out of contract data
The world’s third largest private employer ISS uses Sievo as the single source of truth for all procurement KPIs across a large and heterogeneous ERP landscape. In addition to advanced Spend Analysis, Sievo supports ISS in its procurement transformation journey with Savings Lifecycle and Contract Management.
Schindler, one of the world’s leading providers of elevators and escalators, has worked with Sievo in consolidating all contracts into a central repository and a unified platform on a global basis that gave clear visibility and understanding of contract details. The unique approach is that contract data is also linked to spend data, which helps them do further analysis, make strategic plans and monitor contract coverage and supplier spend.
Ready to see more of Sievo Contract Management?
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