Tuesday, November 22, 2005

Solution integrates with e-procurement suite, offers contract managers better visibility, tracking, analysis of agreements

Contract Manager is the latest addition to SciQuest's suite of spend management and procurement automation tools, and the enabler said that it can help companies derive greater value from its solutions.

The module automatically integrates supplier contracts with the user's purchasing experience. A centralized repository makes it easy to store, find and view contracts, SciQuest said, and integration with the enabler's e-procurement tools provides for seamless tracking, reporting and analysis capabilities.

With regard to visibility, end-users can use Contract Manager's searchable, electronic repository for access to the organization's contracts, helping to eliminate inefficient, expensive paper and spreadsheet processes. The potential benefits from using the solution could include better control of contract management costs by using searches for quick desktop access, improved contract compliance rates and better end-users' awareness of contracts.

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