Efficiently centralise, manage and approve all supplier contract data required by procurement professionals in utilities.
About Supplier Contract Management
ARCUS® SCM increases the efficiency of and reduces the management involved in manually managing the contract creation and approval process. All utility business processes are electronically mapped and fully configurable workflows streamline the approval process.
ARCUS® SCM increases contract visibility and compliance while providing more time for procurement professionals to proactively manage contract lifecycles.
What are the benefits?
- Alerts and reminders set against key terms including renewal dates
- Approval process is mapped electronically and fully auditable
- Increased compliance to commercially critical terms
- Improve contract risk management
- Free text search, reducing the time spent searching for contracts
- Central repository of all contracts and supporting documentation
ARCUS® SCM video
“The introduction of ARCUS® SCM has significantly increased the efficiency of our contract creation, approval and implementation without changing our process. Taking the system online has greatly increased our visibility and reduced the time to complete the process as there is no waiting for manual interventions”Jody Kerner, Director of Procurement, Barchester Healthcare
Barchester Healthcare uses ARCUS® SCM to provide a central database for contracts. This removes duplicate and hard copies of contracts, ensuring one version of the truth exists. Barchester Healthcare utilises the configurable contract template facility to enable contracts to be electronically created for suppliers to complete and upload directly into the database for approval.
Barchester Healthcare deploys workflows that allow either the entirety or parts of a contract to be entered and reviewed by the appropriate professional without the need to manually seek each person’s approval.
The Bi-directional workflows enable a contract to be reviewed by multiple stakeholders or by a single professional depending on the business needs and contract type. This improves the efficiency of contract approvals, removes bottlenecks and frustrations, while providing complete oversight of the process and prevents data silos.