Tackle the challenges facing your procurement team head on.
Procurement is changing. It used to be about acquiring products and services for the best price. Now, it’s also about giving executives the analytics and guidance they need to make better business decisions. As a procurement professional, you have a strategic role to play in your business. Beyond simply controlling expenses, you’re now also expected to manage legal and regulatory exposure, while providing valuable intelligence to key stakeholders. That in turn has led to new challenges.
How Seal can help
- Locate and centralize contracts, reducing the time and costs associated with search and discovery.
- Extract the terms, pricing, delivery obligations, payment terms, renewal clauses, and product/service performance SLAs.
- Find specific provisions in vendor contracts in areas such as:
- Unknown auto-renewals
- Obligations and indemnifications for data breach events
- Protection for global concerns and mandates, up and down your supply chain
- Unknown and unrealized pricing rebates and incentives
- Complex or dynamic pricing structures, etc.
- Obtain the intelligence to perform accurate spend analysis, understand contract risks, and reduce procurement costs.
With Seal, it’s never been easier to increase savings, monitor risk, and achieve greater visibility into your suppliers.
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