Transform Supplier Governance and Drive Higher Value from Partnerships: The Enterprise Cloud for Supplier Governance
Large corporations perform supplier governance for complex services in silos – segregated by department, contract, geography or type of service. Existing governance processes are largely manual, often performed by understaffed organizations that lack governance training and the required tools. Organizations use incompatible systems for managing contracts, service delivery, projects, invoices and risk. This fragmented approach and the underlying lack of integration between these disparate systems result in significant loss of the value expected from supplier partnerships.
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Large corporations perform supplier governance for complex services in silos – segregated by department, contract, geography or type of service. Existing governance processes are largely manual, often performed by understaffed organizations that lack governance training and the required tools. Organizations use incompatible systems for managing contracts, service delivery, projects, invoices and risk. This fragmented approach and the underlying lack of integration between these disparate systems result in significant loss of the value expected from supplier partnerships.