Assets & Contract Management

Manage your contract-based assets and provide transparency across your business to avoid unexpected costs.

Contract-based intangible assets such as licensing agreements; service contracts; lease agreements; compliance agreements; certifications, etc can be a very manual process with a number of complex parts.

By understanding and managing your contract-based assets with transparency, costs can be controlled with certainty.

Spend that isn’t "under management" is difficult to analyze because information is scattered throughout the organization, in very different formats and varying levels of quality.
The average organization has only 55-60% of its spend under management, while best-in-class performers manage close to 85%. If a business can achieve 5-10% savings on spend under management, an increase from 55% to 75% can generate an additional 1-2% of savings — and put procurement on a path to exceed typical annual savings in the range of 7-10%.