Spend Management and Contracts

Agentrics Sourcing expertise has delivered more than $1 billion in savings!

How are you spending money? Who is doing the spending? Who are we spending it with? Can we consolidate our supplier base? Can we aggregate our corporate spending?

These are critically important questions for any sourcing or procurement professional. But, until now, answering them meant mining often-inconsistent data from any number of sources.

Agentrics Spend Management and Contracts (SMC) is a new generation in Supplier Relationship Management that combines the Spend Analysis, Contract Lifecycle Management and Strategic Sourcing functions into a single system that provides actionable insight into complex business relationships. Drawing on detailed analyses of contract data, sourcing and procurement professionals can develop new strategies based on sound intelligence and exert greater control over the contract management process.

The result: maximized process efficiency, decreased risk and a substantial increase in sourcing ROI.

Customer Benefits

  • Access to more than 100 sourcing events every day
  • Rapidly expanding supplier pool - 15,000 new sources in 2 years
  • Streamlines and simplifies supplier contract management
  • Detailed analysis and easy-to-understand assessment of all supplier relationships
  • Extensive support for global trading - 17 countries, multiple languages, 67 currencies
  • Cuts contract cycle time

Key Features

Agentrics SMC - Spend Analysis

  • Collects, normalizes and aggregates data
  • Automated process drawing upon multiple sources
  • Generates output in the format and structure you choose
  • Reduces human error
  • Supported by expert Spend Analysis consultants

Agentrics SMC - Strategic Sourcing

Agentrics SMC - Contract Management

  • Intuitive, easy-to-use contract management interface
  • Coordinates every step of the contract lifecycle - from request and negotiation to execution, amendment and renewal
  • Provides a single, effective overview of long-term business relationships