Are you or your stakeholders frustrated with how long it takes to get a supplier on board?
Having already spent a substantial amount of time shortlisting suppliers during the RFP process, the procurement practitioner spends painstakingly long hours negotiating contracts with the supplier back and forth on redlines. Add legal redlines on top of that, the ultimate result ends with no one happy. Even after the long and arduous negotiation process, the company is usually left with a contract that is of higher price or higher risk than initially anticipated.
Sound familiar? This procurement dilemma has been a constant problem for most procurement practitioners.
Whereas the sourcing process as it stands today is split between the RFP process and negotiations, with ContractAI, negotiations are minimized because win-win clause options are already set in the contract template. Suppliers are free to choose whichever options they want - understanding that alternative options may increase contract risk or cost to the buyer and impact their selection as a supplier.
Click here to learn how ContractAI solves this procurement dilemma and helps procurement breeze through a 30-day contracting process that includes absolutely no redlining!