Scaling Contract Operations with Artificial Intelligence
Artificial intelligence (AI) solutions on the market today can help enterprises organize their contracts better.
You've put major time and resources into choosing the right suppliers and crafting complex agreements. Now you have to make sure you're getting the performance and service quality you're paying for. Inadequate contract management can lead to serious deterioration in both. We call it value erosion, and it can cost you as much as 15% to 30% of total contract value.
We not only help recapture this lost productivity, but also uncover additional value in your supplier relationships, working with you to supercharge your vendor management organization and free your teams up to do what they do best—focus on strategic opportunities to expand and enhance your contract portfolio.
Putting together the processes, systems and people you need to manage a large portfolio of contracts is not something many businesses can achieve on their own—or only in coordination with their suppliers.
ISG provides a unique combination of business services industry knowledge, contract expertise and automated technology to help you optimize every aspect of your supplier and contract management life cycle.
Not only will you see what’s important in your big contract portfolio picture, but you’ll also be able to turn those insights into dramatic, tangible improvements in performance and service quality.
Improve supplier performance
Mitigate third-party risks
Maximize long-term resource value
We know about contracting and the complexities involved with managing a multi-supplier ecosystem. With experience sourcing and managing over $475 billion of enterprise-supplier transactions
over 20 years, there isn't much we haven’t seen.
Our unmatched, hands-on experience gives us insight into supplier relationships and contract management you can't get anywhere else. It's our mission to use that experience to ensure you get complete clarity and full value from all your sourcing relationships.
How do we deliver it?
ISG’s Supplier & Contract Management solutions are supported by GovernX, our world-class, end-to-end managed service and lifecycle management SaaS platform. GovernX provides our analysts and your teams with the real-time, AI-powered data necessary to manage complex contract portfolios effectively, and get the greatest value out of your supplier relationships.