As enterprises become more intelligent, there is a necessity for contracts to be continually monitored for compliance. Analytics can assist in driving compliance and managing supply risk.
Goals and Objectives
Automated call offs and SLA processes identify authorized suppliers and prevents “rogue” procurement. As supply is required, automated call offs ensure that SLAs are adhered to and contracts fulfilled.
Enterprise hardware, personal devices, cloud/platforms, big data and analytics, mobile, applications, cognitive
Use Case Summary
A digitally enabled contract compliance application continuously monitors contracts against requirements for issues with suppliers and customers (i.e. financial risk) to quantities, inventory levels to dates and force majeure clauses. This continuous compliance helps organizations focus on only what is necessary.