As a high-growth company, you have a strong desire to onboard suppliers quickly and enable purchasing activity in order to expand operations and serve more customers.
However, the onboarding process for your suppliers currently involves the tedious exchange of framework agreements, terms and conditions and questionnaires over email.
There is no central view to follow your team’s progress and onboarding is often delayed when requesting the legal team’s involvement to negotiate on contract terms.
Use pre-approved terms and only involve your lawyer when non-standard terms are introduced.
Replace document redlines and emails with an automated workflow that keeps track of changes and approvals in every deal.
Review negotiation performance across your company to understand which strategies work.
In the future, use your data to enable the automated negotiation of recurring contracts.