Automate Contract Management, and Save Valuable Time Whilst Reducing Risk.
ARCUS® Supplier Contract Management (SCM) automates supplier contract & agreement cycles, enforces best practice and reduces off-contract spend.
Operating from a secure, cloud-based contract database, contract processes are standardised, automated, and streamlined through tailored approval workflows and reminders.
About Supplier Contract Management:
With ARCUS® SCM, you can increase efficiency when managing contract creation and approval processes. All approval processes are mapped and streamlined electronically using fully configurable workflows.
With Task Intelligence functionality, complex approval processes are mapped and automated, so the right stakeholder, receives the right task in the right order. Alerts and reminders are set against key terms including milestones, tasks, renewal dates and events.
Using free text search, contracts can be retrieved in an instant, with real-time access to the most up-to-date, sole contract source.
What are the Benefits of Supplier Contract Management Software?
- Automated approval processes
- Enhanced risk management capabilities
- Centralised contract management
- Single source of contract information
- Maintain comprehensive audit trail
- Additional plug-in to manage rebates within supplier agreements
Alerts and Reminders
Never miss a contract renewal date with reminder functionality.
Clause Library
Store key clauses and information within the system with the clause library
Task Intelligence
Automate contract approvals with bi-directional workflows.
Case study
Sodexo operates across 67 countries with 470,000 employees worldwide. Due to the company’s size, it deals with a vast number of contracts on a regular basis.
ARCUS® SCM is a cloud-based system that enables users to easily manage contracts by automating tasks and storing contract data in one centralised location. Sodexo managed to save time by automating its methods but realised that this level of efficiency could be raised to a higher degree using new ARCUS® SCM feature, Task Intelligence.