Keeping up with ever changing contract management work is challenging. Governing legal and procurement content is written by thousands of people and applied to hundreds of situations. To stay compliant, organizations employ knowledgeable professionals to analyze every sentence to determine the changes that need to be made to company contracts. The manual process of sifting through these dense, complicated documents is inefficient and prone to error.
Watson Compare and Comply is trained on contract specific knowledge and classifications and can streamline contract workflows through semantic understanding.
Join Director of Watson Offering Management, Adam Orentrichler, and Chief Data Scientist of SAP Ariba, David Herman, as they discuss how Watson can transform the way your company manages contract governance.
Published By: HPE APAC
Published Date: Jun 20, 2017
HPE Flexible Capacity delivers a pay-as-you-go solution that enables you to scale instantly to handle growth needs without the usual long procurement process. Without tying up capital, your capacity doesn’t run out.
Watch this video to find out more.
This white paper shows how IT departments can help the business implement a solution that integrates with existing business applications and transforms procurement into a fast, agile process—all in a trusted environment.
Published By: SAP Ariba
Published Date: Aug 29, 2016
How are procurement teams driving business success at companies around the world? It starts with cutting through complexity and simplifying end-to-end processes. Find out how in this e-book from Procurement Leaders.
The sponsor named below commissioned Ardent Partners to write this report. While the report topic In 2015, collaboration is the name of the game in procurement and frequently entails working with key internal stakeholders (like line-of-business managers and legal departments) or preferred suppliers to drive greater value through sourcing and procurement. For Chief Procurement Officers ("CPOs") and other supply management leaders, collaboration has taken on many new and innovative forms over the years, causing these executives to leverage new (and, in some cases, existing) processes, relationships, and technologies to enhance compliance, decrease risk, and increase savings. One such business process, contract management, has been reborn with digital, automated features that can shift the way procurement teams collaborate, mitigate risk, drive performance, and realize greater savings for the enterprise.
We came to the above conclusion because even though suites solved many of the problems of independent, standalone modules to support integrated procurement processes in terms of data management nightmares, process inefficiency and visibility gaps that were common with first generation "best-of-breed" solutions, many mature organizations are increasingly finding that suites are not enough if they do not connect into larger enterprise processes and support the stakeholder organizations that procurement needs to work with. Are you with us? If you are, then you know that something else is needed: a source-to-pay (S2P) procurement
"Today’s procurement leaders are using technology to achieve greater procedural and financial efficiencies, secure the best products and services, and improve vendor relationships. However with the lack of technology to boost efficiency and strengthen the partnership with vendors and employees, saving costs and speeding up procurement processes can be quite cumbersome.
Industry experts predict that successful businesses will soon become 100% digital for all transactions. The challenge is how to “go digital” in the right ways. Download this best practices paper to learn the eight important ways that procurement teams can make meaningful progress in their digital transformations. "
In This Paper
• Smarter spend management is lacking in most organizations, largely due to the tools being used to manage their procurement processes
• Oracle Procurement Cloud combines cloud, best-of-breed functionality, and native connectivity
• Deploying Oracle Procurement Cloud can resolve pain points with transactional and strategic procurement
As cost and productivity expectations persist, many functions are rethinking the way their work gets done to remain both efficient and innovative. But not all business partners may welcome these kinds of transformations. To stay progressive, the best companies enable employees to exercise greater influence over internal clients and alter the entrenched views their function.
Since 2001, PayStream has assisted organizations’ accounting, finance,
and procurement departments to streamline processes, increase
efficiency, and generate growth. The purpose of the majority of these
projects is to assist with the initial RFP for, review of, and final selection
of software solutions. The Navigator began as a straightforward
spreadsheet model used to score solutions on pricing structures,
functional offerings, and how they addressed any unique needs specific
to an organization. Over the course of numerous engagements, it
became clear that there was a sincere market need for a quantifying
tool, and the Navigator became much more.