Onventis Source to Contract is a software solution designed to streamline and secure procurement processes from sourcing initiation through contract management. It offers guided sourcing events with templates, price and product comparison, and auction capabilities (English or Dutch auctions). The contract management module allows purchasers to control ongoing contracts with pre-defined rules, notice periods, and customizable filters. User-specific rights enhance security and collaboration across purchasing, legal, and finance teams. The platform supports central supplier management with real-time data and ratings, reducing risks and strengthening buyer-supplier relationships.

Key Features

Guided Sourcing & Auctions Facilitates efficient sourcing using standard or custom templates and supports English and Dutch auctions.

• Saves time with material group templates
• Enables direct price and product comparison
• Supports different auction types for negotiation

Contract Management Controls contract lifecycle with rules and alerts for extensions or terminations.

• Tracks contracts with customizable filters
• Applies user-specific rights for security
• Enables collaboration between purchasing, legal, and finance

Supplier Management Integration Centralizes supplier data, histories, and ratings for risk mitigation and relationship strengthening.

• Real-time supplier data visibility
• Supports compliance and security of supply
• Enhances collaboration across departments

Benefits

Increased Procurement Efficiency Streamlines sourcing and contract processes to reduce time and effort.

• Guided workflows reduce errors and speed up sourcing
• Automated contract tracking prevents missed deadlines

Improved Decision-Making and Cost Control Provides transparency and comparison tools for better purchasing decisions.

• Price and product comparisons highlight best offers
• Auction formats enable competitive pricing

Supply Chain Security and Risk Reduction Ensures reliable supply through better contract and supplier management.

• Centralized supplier information minimizes risks
• Collaboration features enhance compliance and control