Services Procurement

Companies frequently pay their statement of work (SOW)-based service suppliers more than contract terms require. And too often, overpayments are the tip of the iceberg. Quality vendor selections, cost savings opportunities, and other procurement activities are also threatened.

Calm The Chaos And Control Your SOW-Based Initiatives

Today’s extended workforce includes more than just contingent staffing. It also includes a multitude of service categories operating under a variety of complex contractual relationships. The complex processes and varied ownership of project-based services can create chaos in an organization.

From sourcing to invoicing, you can reduce the administrative burden, improve service quality, lower costs, and reduce risk for all of your stakeholders. Our Services Procurement solution aligns with your organizational processes—so you can more effectively source, negotiate, engage, and manage project-based initiatives.

  • Improve control through simple and efficient templates and workflows.
  • Reduce risk and enforce compliance by drafting SOWs on your terms, not your suppliers’.
  • Get all project activity and financial details in a single view.
  • Enable quicker decision-making based on real-time project measurements and data.
  • Ensure quality and cost effective project deliverables from competitive sourcing.
  • Know all consultants working across multiple projects, globally.
  • Use objective supplier metrics to benchmark and rationalize your services supply chain.

Features and Benefits

As you expand the management and control of your non-employee workforce, our Services Procurement solution offers scalable functionality to support your project-based initiatives. With its centralized view of all stages—from negotiation and sourcing, through engagement management to invoice and payment—our Services Procurement solution gives you the right tools and insight to manage the following processes:

Competitive Bidding

Collect, organize, and evaluate supplier information to create a pool of competent suppliers and competitively source each engagement according to your needs.

Statement of Work Negotiation

Dynamically collaborate on and negotiate statement of work (SOW) terms and conditions, using real-time visibility and change tracking, system alerts, notifications, activity streams, and redlining throughout all phases of SOW development.

Project Tracking

Easily track and manage all supplier engagements across all project types. Manage milestones and payments. View time worked and expenses incurred. Track and control the onboarding and offboarding of all project resources.

Time and Expense

Alleviate administrative burdens and improve accuracy of submitted time and expenses by simplifying time and expense data entry.

Billing and Payment

Accelerate and improve accuracy of billing and payment by automating your business rules and practices, and by collecting invoice data for milestones, time, and expenses.

Reporting and Analytics

Make informed business decisions to improve quality and process efficiency. Also reduce costs, and manage compliance risks with comprehensive, easy-to-use analytic and business intelligence tools.

When your executives responsible for statement of work (SOW) project management engagements have complete visibility into engagement details, it’s easy to control SOW operational flow and develop smarter sourcing strategies.

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