Building a Modern Agreement Workflow for Procurement
Modern procurement professionals juggle an incredibly wide range of responsibilities. As the primary link between an organization and its external counterparts, there’s an enormous amount of pressure to move quickly on agreements and maximize value for multiple parties. Manual agreement processes can introduce room for unforeseen costs and errors. This whitepaper discusses new technology that streamlines procurement work by creating efficiencies in agreement workflows. Some of the key topics discussed are: Detailing how optimized agreement processes contribute to procurement success, four important procurement stages to optimize and the types of documents included at each one, How to know when it’s time to upgrade procurement processes, Five principles for designing a modern system of agreement.