Make contracts a strategic procurement advantage
Contracts capture the pricing you negotiate with suppliers – when your users shop within the BuyerQuest Marketplace, you can rest assured that they are purchasing in compliance with your policies. Your organization will swiftly and easily maximize cost savings by locking in supplier discounts.
Spend metrics are routed to the BuyerQuest Business Intelligence Module to capture key insights that provide visibility and actionable information to inform and spur future tiered discounts.
Total Spend Management Visibility
A robust Business Intelligence module provides complete contract spend metrics and current status, enabling immediate awareness and optimizing future contract negotiation.
Spend Management efficiency is driven by powerful reporting with filtering across categories, time intervals, and suppliers to provide business units with key actionable information.
Create, Manage, and Close Contracts
Create and maintain contracts from a fully integrated central hub and operationalize them in the procurement workflow. Contract terms are in force from request to invoice.
Alerts and Notifications
Automatic alerts and notifications keep contract owners and collaborators up to date on key contract milestones.