Contract Insights Create New Value
Go beyond a simple contract repository. Generate your next wave of savings and impact by turning contract insights into procurement project opportunities.
Undiscovered Value in Contracts
Contract management tools working as stand-alone solutions or part of a larger source-to-contract suite certainly provide sufficient functionality as contract repositories. But they don’t do much, if at all, to help you quickly see and act on new savings and value opportunities to further advance procurement performance results. This is an easy blind spot to fix!
Procurement’s Forward-Looking Contracts Solution
SpendHQ’s Procurement Performance Management (PPM) software platform not only lets you access contracts in one unified place, but your team also gains a way to proactively identify contracting opportunities to add to your project pipeline and drive transparent reporting. Contract insights become actionable, showing new ways to consolidate, save, improve ESG progress, and more.
Benefits of Unlocking Contract Insights
Give your team and stakeholders an easy-to-use, actionable view of Contracts to proactively find future value.
See a timeline view of contract expirations, to plan new sourcing projects and set goals in advance.
Quickly spot opportunities for contract consolidation and cost control across similar spends.
Give internal partners access to relevant contracts to enhance planning discussions.
Time and Cost Savings
In just a few clicks, work with stakeholders to determine renewals vs. re-bid through sourcing.
Other Features of Contracts for Performance Management
Use Standalone or Integrated
SpendHQ PPM can be your exclusive contracts solution or ingest data from your existing contracts management tool.
Configure and Store
Group contracts based on your category and tagging definitions. Retain up to 5 years of contracts for historic insights.
Make it Easy to Find
Enjoy full text search of contracts, including scanned PDFs that are uploaded.
Execute New Contracts
Enable contract sharing and e-signature capabilities within the same solution.
Hugues de Planta, Group Procurement DirectorKingfisher
All the contracts signed by the Procurement community are now available [in SpendHQ PPM], which enables us to manage all our projects in coordination with our internal stakeholders and guarantee the recognition of our purchasing teams’ performance.