SupplierSoft Contract Management solution delivers the following benefits:
- Productivity gains: Elimination of manual processes relating to contract management improves productivity from 10-40%.
- Increased savings from supplier contracts: Streamlined contract management, along with configurable contract terms and contract renewals enable companies to realize 5-10% contract savings.
- Reduced contract cycle times: Standardized contract templates reduce the contract creation and approval cycle times from weeks to days, while electronic signatures further reduce the time it takes to ink contracts.
- Reduced risks: Standardized contract terms and renewals ensure that contract related customer and supplier risk are reduced. A complete audit trail reduces the risk of legal and regulatory non-compliance