Intelligent Contract Repository
Each contract is unique with its own combination of clauses, parties, terms and conditions. As buyers and suppliers (and their legal teams) get together, terms change, clauses are inserted, resulting in every new contract being different to the last.
Often, old contracts get filed in a contract repository and new ones are created from scratch. At best, a standard boilerplate contract is gradually reworked into a new contract. More often than not, there’s a lot of reinvention of the wheel involved in this process. Standard clauses are often dropped in favor of less onerous versions and, depending on the commodity, region or line of business, wholly different sets of sub-clauses and addenda may be included or struck.
SMART by GEP simplifies the entire contract authoring and creation process. By incorporating a library of best-practice contract templates, allowing you to copy existing contracts, providing clause libraries and automatic inclusion of the contract variables, and letting you edit and store any changes you want, SMART by GEP offers maximum flexibility to create the contracts you need to drive maximum value for your business.
Need that slightly amended version of a clause that you added six months ago? That’s a snap — just pull it from the clause library and make the changes you want. With SMART by GEP, you only need to create anything once. Now that’s a smart way to create new contracts.
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.