Today’s sourcing organizations are being asked to move faster than ever to source the materials needed by their companies. It’s a difficult position to be in. Under the current sourcing paradigm, the multi-step process of securing the right vendor is time-consuming, and can still expose a company to risk and leakage.
There’s a better way: contract-centric sourcing. The ICI Sourcing application, built on the Icertis Contract Intelligence (ICI) platform, places contracts at the center of the sourcing process, ensuring compliance, minimizing risk, and providing a holistic view of supplier relationships. This new paradigm can save millions in leakage and accelerate the buying process, while also improving relationships with vendors and optimizing supply chain performance.