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The need for stringent cost reductions has never been greater. Leverage the modern best practice capabilities of mobile, social, cloud, and analytics to better manage sourcing compliance, define advanced sourcing requirements, and analyze supplier rewards. Collaborate about buying decisions through a secure social network—on any device.
Analyze spending patterns and supplier performance to find the best opportunities for reducing expenses.
Create policy-compliant (e.g., city, county, state and/or federal) online negotiation through step-by-step guidance and templates.
Collaborate with your institution to align compliant specifications or Grant Programs Office needs by collaborating with experts and stakeholders.
Publish RFx to legally prescribed channels or to preferred vendor list. Suppliers can submit responses via online tools and social collaboration.
Review and compare submissions from prospective suppliers with flexible feedback mechanisms. Extend / pause event based on vendor responses.
Award contracts based on detailed bid analysis and collaborative review with stakeholders throughout your institution.
Streamline contract creation and ensure compliance by automatically applying the terms and conditions from negotiation events and exception-based approvals to the final contracts.
Realize contract savings by automatically applying pricing and terms to covered purchases. Continually track, analyze, and evaluate supplier spend and performance.