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procurement Solutions

I-many procurement solutions automate the contract management and compliance process, allowing procurement organizations to maximize the value of their vendor relationships through effective management and control of their purchasing agreements. I-many approaches the procurement process with a "Contract-centric" perspective. The essential first steps are to gain full visibility and control of your vendor agreements through contract management; be able to ensure regulatory, obligation, and transaction compliance; and then be able to source and make your agreements better.

Grounded in a robust contract management system, I-many procurement solutions prevent contract (term) and pricing errors, evaluate vendor performance, and ensure best practices and contract compliance throughout the buying process.

Contract and Obligation Management
Improve productivity and contract consistency by automating the contract management lifecycle and improve your contractual relationships through collaboration. With I-many Contract Manager you can:

• Maintain favorable pricing and reduce costs by alerting you to pending contract renewals and expirations
• Map decision criteria from the RFp to the awarded bid to final contract, reducing the risk of losing critical contract terms and conditions in translation
• Ensure adherence to contract approval processes
• Implement best practices and create better contracts to achieve breakthroughs in spend management

Transaction Compliance
Hard ROI is achieved through contract transaction compliance, by reducing the "leakage" caused by transactions not being compliant with the terms of the purchase agreement. With I-many Compliance Manager you can:

• Reduce "maverick" spending by ensuring all transactions are tied back
  to the contract
• Reduce overpayments on non-compliant invoices that don't match
  contract pricing
• Realize negotiated savings by capturing volume discounts and applying penalty clauses through active compliance to contractual terms and conditions
• Capture objective criteria for measuring vendor performance to purchase terms via compliance reporting

pay
When integrated to your existing accounts payable system, I-many solutions can help you:

• Leverage and aggregate vendor spend
• Improve cash settlement processes
• Match contract terms and fees with actual paid

Optimize
Lower procurement spending by evaluating suppliers while improving corporate performance. With I-many Scoring Manager, you can:

• Analyze your spend by category, item and vendor to better understand
  true vendor costs and negotiate better contracts
• Have the ability to segment, score and analyze vendor, contracts and
  price to ensure and evaluate overall vendor performance
• Identify and segregate high performance suppliers from underperforming suppliers
• Segment and analyze your vendors based on contract compliance metrics