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ICM Sourcing app datasheet

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T H E S O L U T I O N The ICM Sourcing Application The ICM Sourcing app places contracts at the center of the sourcing process to ensure compliance, minimize risk and provide a more holistic view of supplier relationships. • Automate requests for information, quotations and proposals with built-in collaboration • Perform side-by-side, Excel-based bid analysis to identify qualified suppliers • Negotiate effective pricing and shortlist best suppliers with multi-round events • Increase control and reduce risk of non- compliance with integrated contract management • Encourage supplier collaboration with simplified on-boarding and an easy-to-use collaboration portal The ICM Sourcing app, built on the Icertis Contract Management (ICM) platform, places contracts at the center of the sourcing process, ensuring compliance, minimizing risk and providing a holistic view of supplier relationships. T H E C H A L L E N G E In a changing business environment, sourcing and procurement organizations must gain a holistic, data- driven view of their suppliers. To gain a competitive advantage, they must find creative ways to manage risk and compliance and drive deeper collaboration with suppliers. As they strive to meet these objectives, sourcing organizations are typically hindered by inefficiencies such as: • Fragmented sourcing and contracting processes • A low level of collaboration between internal and external stakeholders • A lack of compliance and visibility • Lengthy cycle times and increased costs • Poor contract creation from sourcing events and suboptimal post-contract execution • Weak supplier collaboration and communication Compliance & Control Reporting & Visibility Collaboration Portal Collaboration & Tracking C O N T RA C T EX E CU T I O N & S EL E CT I ON E V A L U A T I ON N E G O T I A T I O N & A W A RD R FX M ANA G E M E N T R E Q U E ST M ANA G E M E N T Icertis, the leading provider of enterprise contract management in the cloud, solves the hardest contract management problems on the easiest to use platform. Icertis helps companies transform their commercial foundation ensuring compliance, improving governance, mitigating risk and enhancing user productivity, thereby improving the bottom line. The Icertis Contract Management (ICM) platform is used to manage 5+ million contracts by 2+ million subscribers at companies like 3M, Daimler, Microsoft, Roche and Wipro in 40+ languages across 90+ countries. For more information visit icertis.com.

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