Modern procurement professionals juggle an incredibly wide range of responsibilities. They balance cost with the quality of goods/services, select vendors, satisfy internal stakeholders, build relationships with vendors, manage supply chains, negotiate contracts and more. As the primary link between an organisation and its external counterparts, there’s an enormous amount of pressure on procurement to move quickly and maximise value for multiple parties.
Procurement teams that rely on manual agreement processes introduce unforeseen costs and errors that could limit the team’s ability to add value to a company. A modern system of agreement makes an organisation easy to do business with. It streamlines contract management across the procure-to-pay process to control costs, increase efficiency, mitigate risk and improve visibility at every stage.
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