Auto Alerts and Event Reminders for Contracts
Much of the hard work in delivering procurement savings goes into getting the right contracts in place with your suppliers. But negotiating the terms, prices and service levels is one thing. Being able to regularly monitor, review and mitigate any problems that arise is another.
Often contracts are filed and forgotten, leading to a lack of oversight — missed contract reviews, renewals, and other important events in the contract life cycle. What if your contract management software could take care of that for you? Automatically. Without fail?
Using SMART by GEP, you can set up a series of customized alerts and notifications for every contract, each designed for a specific purpose. There are no default “system” alerts that end up spamming your inbox. You can define the alerts each contract will send, to whom, and with what messages. That way, the contract tells you what needs to happen at precisely the right time. For example, every quarter, a contract can alert your operational buyers and the supplier that a periodic contract review is due. As the contract nears the end of its term, you can receive reminders to restart the sourcing process.
Whatever the milestone, SMART by GEP can help you send the right message, to the right people, at the right time.
GET UP-TO-DATE, ACCURATE AND RELIABLE SUPPLIER INFORMATION WITH SMART BY GEP SUPPLIER MDM
SMART by GEP integrates seamlessly with existing enterprise systems — ERPs, SRMs or sourcing tools — to create new supplier records and update transactions. Supplier master data is validated and cleansed automatically while loading.
SMART by GEP’s Supplier Master Data Management tool automatically aggregates, cleans and normalizes supplier data records. It then compares the supplier master data to SMART by GEP's Vendor Master for verification and quality assurance.
Supplier MDM processes data in batch and real-time cadences. Real-time services execute at point of entry, record creation and updates. Batch services execute against existing supplier records during migration and initial integration.
Review actions taken by the Supplier MDM tool ensure enterprises have a single, trusted source of truth for all supplier data. Users can centrally govern master data using configurable business rules, enabled processes and workflows.
SMART by GEP’s vendor master acts as a trustworthy primary source for the master data records of every supplier in the enterprise. This ensures that the supplier risk and performance modules are consistently stocked with accurate vendor data.
Supplier MDM removes, duplicates and enriches records with verified updates, ensuring accurate and up-to-date data. It also provides holistic visibility into supplier history and performance across operating units, time, and geography.