CLM for Procurement Operations
Increase your procurement departments efficiency whilst reducing risk in your procurement processes dealing with vendors and suppliers. Through Agiloft’s CLM for procurement solution procurement departments of all sizes can leverage industry-recognized best practice technology to enhance your procurement processes and capabilities.
Simplified and streamlined supplier onboarding
Speed up and simplify the process to onboard suppliers based on your process and requirements.
Reduce supplier and vendor onboarding time by automating workflows like managing mandatory information requests such as company documents and related corporate information.
Negotiate better deals
Establish consistency and governance
Ensure every contract complies with corporate standards and includes consistent and appropriate language with a digital repository, clause library, and configurable business rules engine. A secure, permissions-based vendor portal facilitates negotiations.
Track vendor performance
Monitor contract compliance
Track supplier performance against service level agreements and contract obligations. Get visibility into opportunities and risks with customized reports and automatic alerts for spend, expirations, compliance, and more.
Integrate CLM with your ERP
Leverage your ERP data
Integrate with your ERP system to take advantage of enterprise data. For instance, align cost center codes to track spend against budget.