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ProcureEdge Contract Intelligence is an enterprise-grade, AI-powered advanced decision support system digitizing contracts data & merging it with data from various procurement applications to derive contract centric intelligence.

It sits on top of existing procurement & contracts system and uses 15+ dimensions and metadata points to track contract compliance for each supplier on measurable and non-measurable terms to provide proactive insights and prescriptive course of action to assist supplier negotiations.

Leveraging Contract Digitization

  • Retrieve data from existing contracts
  • Extract business critical contract data
  • Capture all key contractual terms and conditions related to procurement
  • Enable creation of exhaustive contract repository
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Integration with Transaction Data

  • Standard adapters to pull from – various procurement systems
  • Automatically link contracts with transactions such as Purchase orders, invoices

Actionable Insights & Opportunity Identification

  • Insights about contract leakage due to non-compliance to pricing, payment terms, discounts etc
  • Tracking clause level compliance and alerts on expiring contracts
  • System generated opportunities to increase contract coverage or drive compliance
  • Advanced insights to power data driven negotiations with suppliers
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Infosys CoE

  • Review & facilitate negotiation on expiring contracts
  • Facilitate contract digitization
  • Follow-up with suppliers on leakages
  • Increasing contract utilization within customer’s organization

Value Proposition

5%-10% increase in Savings Opportunities
  • Periodic monitoring of contract value being realized
  • Identify savings opportunities around payment term, pricing and discount non-compliance with contracts
  • Increased non-contract to contract opportunity identification
40%-50% enhanced Contract Visibility
  • Creation of centralized repository for all contracts
  • Insights providing access to contract compliance
  • Ready to consume Analysis for Suppliers, Contract, Spend
  • Higher visibility of contract coverage and utilization
5% increased Compliance
  • Plug leakage by periodic monitoring of contract & vendor level compliance
  • Seamless tracking of clause level compliance for each contract
  • Manage & monitor obligations
  • Track KPIs and goals
  • Automated & proactive Alerts
Improved Decision Making
  • Enables proactive contract performance monitoring
  • Data driven negotiations with suppliers
  • Timely notifications on expiring contracts
  • Identification of alternate suppliers

Resources

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