Contract management is complicated by huge volumes and frequent changes in price and product activations. Managing the details of vendor validation and complicated negotiation/approval processes adds another level of complexity. GHX helps you manage the complete contracting workflow — from validation of vendors, negotiation and approval workflow through price exception resolution — for significant price alignment.
Solve the challenge of managing negotiations, document workflow, vendor validation, and storage of contracts and documents in a single product. Contract Manager Xpert provides an easy way to stay on top of dates, terms and current contact information while maintaining pricing accuracy.
Exchange-connected organizations improve contract compliance with accurate, up-to-date product and pricing data using Procurement Suite. Accurate product data, contract optimization capabilities and connectivity to manufacturers and distributors combine for optimal control on supply spend. Buyers can quickly find the products they need and remain on-contract, creating process efficiencies and significant savings.
Reduce contract price exceptions to as low as one percent with Price Sync Managed Service providing a dedicated focus on price alignment. This proactive approach identifies and addresses data inaccuracies before they result in time-consuming and costly exceptions.