Procurement

A Solution for good governance of contracts

In Europe, purchasing represents 50 to 60% of corporation’s annual turnover…
Faced with globalization and the pressure of international competition, the volume of goods managed by purchasing departments has the potential to give a competitive edge as well as considerable income for their company. In order for the department to progress, the following issues need to be addressed and well managed:
• the constant search for the best price
• dealing with worldwide suppliers
• control over contracts

The importance of contracts is proportional to the considered investment and its strategic nature. If we look at the volume of contracts that need to be managed throughout the world, it is easy to see that the traditional tools used by buyers no longer suffice and that the use of an IT solution dedicated to managing contracts is a necessity.

• Predict • Draft  • Negotiate  • Validate

• Sign • Amend • Execute • Manage

With the use of Legal Suite and Business Act^®/Doc^® buyers increase their control over their contracts more efficiently thus allowing them to spend more time on other tasks benefiting the company. As a result, visibility, productivity and security become the key factors in the management of purchasing contracts contributing to the overall profit of the company.

Control over purchasing IT

This world leader in energy invests thousands of Euros in IT and telecommunication purchases. Since the implementation of the Legal Suite Contracts module, the purchasing department now has control over: project management, negotiations, etc., allowing the entire department to be more reactive and involved in their activity.

Management of supplier contracts

The purchasing department of this international French company leans on the Legal Suite to manage their contracts with their thousands of suppliers. Shared between all their subsidiaries, the information provided by this contracts database saves the department an invaluable amount of time every day.