Transforming the way contracts are created and managed enabling a digitized, centralized and proactive contract management process
Decreased contract risk
value from our contracts
Creating one common
repository for all contracts
Digitizing the way we work
DocuSign Agreement Cloud
Contract Artificial Intelligence
Global Procurement manages around a quarter of the 2500 contracts equating to £5B, with the majority dispersed across the group. This has resulted in multiple storage repositories creating varying approaches to the management of these contracts. The same processes have been discovered for other groups as well where contracts are residing in inappropriate locations or are left entirely unmanaged. Currently, this is exposing us to unknown risks and value leakages from these contracts. The creation, analysing, negotiating, managing and storing of a contract is also a highly manual and time consuming process which is triggered by necessity opposed to best practice. Without proper management, automated workflows and the right digital tools, this will continue to be a risk to the organisation as a whole.
To create a best-in-class digitized and proactive contract management process, so that we have:
One central repository that is easily searchable and accessible.
The best available tools (e.g. DocuSign Agreement Cloud) to standardise and automate away manual processes enabling an environment for the proactive management of contracts.
To find, track and manage value levers in order to minimize value leakage and maximize financial benefits from our agreements.
Contract Quarterback is a programme designed to enable digital products that support contract managers and other stakeholders with dramatically reducing value leakage, increased metadata analysis and risk reduction.