Data is the Real Gold At the End of the Rainbow for Contract and Spend Management Systems
NC State SCRC
NOVEMBER 5, 2016
Contract management analytics are critical for tracking transactional compliance with contract pricing, terms and conditions, but also as a vehicle for workflow management around negotiation of contract renewals, and aggregation of supplier performance data on service level agreements, delivery, quality, and service performance. When spend analysis is combined with insights about contracts that are outstanding, another layer of insight can be created.