Global sourcing leaders have increasingly seen their responsibilities shift from traditional vendor selection to today’s proactive management of third-party risks and compliance, both from a diligence and a contractual perspective. The same sourcing leaders have been tasked with gathering and reporting on key vendor-management metrics, many of the details of which reside in one or more contractual documents governing the vendor relationship. The challenge, of course, is that extracting detailed business, risk and compliance data from contractual documents is complex, time consuming and expensive.
Whether in response to specific regulations, or to the broader requirements of public companies and Sarbanes-Oxley, our enterprise clients have a pressing need to understand and address the contents of their vendor contracts. Up until now, the only viable solution for analyzing these vendor contracts has been to review through them one contract and one clause at time.
The VCC Insight™ package is Seal’s comprehensive answer for the sourcing professional’s contract analysis needs. Built by Apogee Legal on the Seal Software contract analysis platform, VCC Insight combines the best of artificial intelligence with Apogee’s deep understanding of the sourcing professional’s business, compliance and regulatory needs. VCC Insight delivers an unprecedented level of insight and automation into the enterprise vendor contract world. With VCC Insight, we are able to deliver to our clients the fastest, most comprehensive and most consistent vendor contracts analysis possible.
VCC Insight will “close the gap” between the work that businesses are undertaking with respect to third-party diligence and the actual underlying terms of their contractual relationships.
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