Many companies fail to centrally or systematically manage their largest source of contingent labor — the contractors whose activities are performed under statement-of-work (SOW)-based contracts.
As a result, companies frequently pay their SOW-based service suppliers more than contract terms require. And overpayments are just the tip of the iceberg. Low performance quality, security and compliance risks, missed savings opportunities, and other problems are likely to occur. Beeline Services Procurement enables you to:
- Get all project activities and financial details in a single view
- Reduce risk and enforce compliance by writing SOWs on your terms
- Streamline workflows by transitioning data automatically from bid to SOW and from SOW to project
- Enable quicker decision-making based on real-time project data
From sourcing and negotiation to engagement management, invoicing, payment, and evaluation, Beeline Services Procurement gives you a centralized view of the entire process.