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Make contracting your game changer
Contract Management for Procurement
Fully leverage your contract data
Agiloft offers an efficient contract lifecycle management (CLM) platform for procurement, combining several critical processes into a single centralized platform. The platform is designed to
Benefits of Procurement Contract Management
Seamless approval process
Automate even the most complex approval routing process to move and track signatures and provide easy audit information.
Keep 'em in line
Easily enforce purchasing procedures with a centralized, automated workflow.
Efficient contract creation
Effortlessly draft procurement contracts using customizable templates or dynamic clause libraries.
Complete visibility
Store and review contracts and other essential documents in a single, secure, and searchable location.
Effective contract tracking
Never miss a deadline or suffer an accidental auto-renewal with automated alerts, escalations, and assignments. Quickly understand in negotiations where language has changed from one contract version to the next.
Know what's going on
Quickly understand in negotiations where language has changed from one contract version to the next.
Advanced procurement contract management platform
Procurement contract management involves overseeing agreements between businesses and suppliers, which can be complex and time-consuming. Manual processes, scattered data, misunderstanding of terms, contract changes, and compliance risks remain considerable obstacles for organizations managing procurement contracts.
Agiloft streamlines and simplifies contract management by centralizing contracts, automating tasks, and ensuring compliance. Our CLM platform helps organizations save time and resources while mitigating risks throughout the contract lifecycle.
How CLM transforms procurement contract management
Agiloft provides the complete package for advanced contract management for Procurement with world-class capabilities to support your business requirements. Some of the benefits of our procurement management platform include:
Enhances supplier relationships
Strong supplier relationships are essential in Procurement to ensure the timely delivery of goods or services and negotiate better terms. By tracking obligations, monitoring critical vendor information, and easily configuring the CLM platform to meet the evolving needs of both parties, your business can build trust and foster collaboration with suppliers.
Integrates with existing systems
To facilitate efficient contract management for Procurement, the platform supports over 1000 integrations with other business systems. With seamless point-and-click integrations, users can easily connect the platform to their existing procurement tools and systems for an easy flow of information across different functions.
Improves decision-making
Agiloft provides insights into critical data such as trends in supplier performance, contract costs, and compliance issues, helping procurement managers make data-driven decisions.
Minimizes risks
Our CLM platform helps organizations identify potential risks early and allows for proactive management by providing visibility into contract terms, obligations, and performance.
Ensures compliance
Compliance with internal policies and external regulations is crucial to avoid penalties and reputational damage. To help ensure compliance, the platform conducts automated checks and alerts throughout the contract lifecycle.
2 weeks to 2 minutes: Improved procurement processes & reporting
“The level of information that Agiloft captures is amazing. It’s all done immediately.”
Procurement and the need for CLM
Procurement and sourcing teams touch contracts more than almost anyone in their organizations. Over the past several years, Contract Lifecycle Management has become less of a luxury and more of a necessity on the buy-side of the business. Read our study on how your Procurement peers are using CLM.
Read the report