Ardent Partners, a supply management strategies research firm, estimates the hard cost of contract non-compliance ranges between 6% and 18% for every dollar of off-contract spend. Just as spend analysis helps reduce costs and improve procurement efficiency, contract analytics provides the visibility needed to understand the obligations, risks and opportunities within your supplier relationships.
Having the tools to dive down into specific clauses and terms, in an automated and scalable way across the entire contract portfolio, means organizations fully understand how to better leverage supplier relationships and make more informed business decisions.
Learn how contract analytics can help procurement teams:
The speakers will discuss how visibility into the above information within the framework of a contract analytics program enables procurement teams to convert contract intelligence into significant value.
Andrew Bartolini, Chief Research Officer, Ardent Partners
Andrew is a globally recognized expert in sourcing, procurement, supply management, and accounts payable. His research focuses on helping enterprises develop and execute strategies to achieve operational excellence within their finance and procurement departments. He is also the publisher of CPO Rising, the news and research site for Chief Procurement Officers and other procurement leaders and Payables Place, the leading global source for ePayables news, research, and analysis.
Brian Wick, Vice President Marketing, Seal Software
Brian has over 20 years of experience in the marketing of enterprise document management and business process management technologies. His experience includes heading the solutions strategy and marketing at Documentum, leading the product marketing for Adobe’s BPM platform, and developing the go-to-market strategies for OpenText’s business process automation solutions.