Optimize Your Supply Chain for the Long Term While Reducing Risk, Cycle Time, and Compliance Burden

Contractual supplier agreements hold the key to building a holistic procurement and supply management strategy. Learn how Icertis can help.

Long cycle time and low visibility due to disconnected vendor management, sourcing, and contracting processes

To scale production and ensure quality, businesses are more reliant than ever on suppliers and contract manufacturers as they bring increasingly complex products to market, making supplier relationship management critical to their success. According to a recent Gartner webinar, nearly 6 in 10 organizations are planning to reinvent their supplier management process in the next three years to address existing and upcoming challenges. To gain a competitive advantage, they must find creative ways to manage risk and compliance and optimize collaboration with suppliers.

Icertis Supplier Relationship Management (SRM) Application

Built on the Icertis Contract Intelligence (ICI) platform, the ICI Supplier Relationship Management (SRM) application enables businesses to handle both standard supplier management challenges and those unique to their business cases, processes, and policies.

Reduce cycle time and compliance burden while increasing transparency and performance

Contractual supplier commitments are often disconnected from supplier performance data available in operational systems, which can have a significant negative business impact. Contracts are the foundation of a company’s relationship with its suppliers, and hence they are an excellent basis for organizing a holistic procurement and supply management strategy including pricing, timeframes, specifications, SLA performance requirements, and so on.

Faster Supplier Onboarding

Significantly reduce supplier onboarding cycle time

Automated Compliance Tracking

Reduce compliance burden through automated tracking of compliance certificate expiries

Diversity Spend Compliance

Manage diversity spend compliance more effectively and remain compliant for diversity spend goals

Improve Governance

Improve governance and transparency in the supplier lifecycle

Optimize Processes

Optimize process efficiencies, risk management, and compliance

Enhance Supplier Experience

Enhance the supplier experience with deeper collaboration and engagement