Current Situation
Assessment of potential pricing fluctuations is ad hoc. Manual effort is required to uncover pricing exposure and inflation escalators embedded in supply agreements. Calculation of exposure is tedious and is an one-off exercise.
Goals and Objectives
Goals include autonomous contract term and condition discovery, simplified dashboard view that displays potential fiscal exposure based on existing terms in agreements, and the ability to conduct scenario planning based on various inflationary assumptions.
Technology Deployed
Enterprise hardware, personal devices, cloud, big data and analytics, mobile, applications, connectivity services, cognitive, and next-generation security
Use Case Summary
Buyers utilize contract platforms to mine supplier agreements to make informed, intelligent planning decisions in real time. Users conduct sensitivity analysis to plan for various fluid economic decisions. High-risk agreements are highlighted, with early warning notifications automatically provided to contract owners and key decision makers.