Everest Group

OCTOBER 24, 2024

This ensures that the organization is getting the best value for money, without compromising on quality or strategic alignment Informed decision-making : Outsourcing contracts often involve complex and multi-faceted arrangements.

Third Party Contracting 52

Third Party Contracting Outsourcing Right-Sizing Cost Control 52

SirionLabs

JUNE 13, 2022

In addition to faster contracting, Sirion’s AI can also be leveraged to increase legacy and third-party contract extraction and digitization speed by up to 80%, improve contractual obligation compliance , reduce contract governance cost by up to 60%, and even help prevent value leakage to the tune of 6-12% at the invoice level.

Pharmaceuticals 52

Pharmaceuticals Third Party Contracting Outsourcing Research 52

SirionLabs

JUNE 13, 2022

In addition to faster contracting, SirionOne’s AI can also be leveraged to increase legacy and third-party contract extraction and digitization speed by up to 80%, improve contractual obligation compliance , reduce contract governance cost by up to 60%, and even help prevent value leakage to the tune of 6-12% at the invoice level.

Pharmaceuticals 52

Pharmaceuticals Third Party Contracting Outsourcing Research 52

SirionLabs

SEPTEMBER 20, 2021

Supplier audits can also complement third-party contract performance assessments. By comparing contractual KPIs against raw performance data, enterprises can assess if they are able to realize the maximum value from their third-party relationships.

Third Party Contracting 52

Third Party Contracting Regulations Analytics Automation 52

SIG Speaks

MAY 9, 2022

The lifecycle of a Third-Party contract is a process that all companies should adhere to. Being able to assess a Third Party from the pre-contract phase through the renewal stage reduces your organization's risk level and could protect your reputation and protect you financially. .

Third Party Contracting 40

Third Party Contracting Risk Management Risk Management Software 40

SIG Speaks

MAY 10, 2022

His skills include in analytics, cross departmental collaboration, third-party contract reviews, sourcing events, and purchasing among others. Patrick has held Procurement positions in the Engineering, Construction, and Real Estate industries.

Management 40

Management Third Party Contracting Strategic Sourcing Human Resources 40

SirionLabs

MAY 9, 2022

As a result, companies often find themselves grappling with a labor-intensive manual review process that requires significant time to identify key risk elements in contracts. In addition, the inability to compare third-party contract clauses to standard enterprise clause language and position increases risk exposure.

Third Party Contracting 40

Third Party Contracting Right-Sizing Regulations Collaborations 40