Challenge:

Bring Everyone to the Table and Hold Them Accountable

Excellence through superior contract management

Your organization handles a lot of contracts every day. If you’re like most, daily contract management means time-consuming searches and a lot of manual effort.

Here's a three-question quiz:

  • Do you have full visibility into your organization’s contracts?
  • Are you generating "good" contracts every time?
  • Do you have the right controls in place to manage who can see, modify and execute your organization's contracts?

Every "no" answer is a hole where value leaks out – and additional costs seep in.

Without the right tools, it’s difficult to track spend leakage, catch renewal dates and find other areas of potential improvement. SciQuest reduces risk, improves efficiency and makes contracts more consistent across your organization. After all: good contracts are good business.

Without an automated Contract Lifecycle Management Process, your organization is at risk for:

Missed savings

Noncompliance

Litigation

Fines

Supply Chain Volatility

Customer Dissatisfaction

"Weaknesses in contract management cost the average company 9.2 percent of annual revenue."
-A guide to evaluating source-to-settle solutions
"42 percent of enterprises identify assessing and mitigating risk as top drivers for improving contract management."
-Aberdeen Group
"Automated contract lifecycle management solutions can help organizations accelerate their negotiation cycles by 50 percent."
-Goldman Sachs