Let's Talk About Partner Ecosystems with Lois and Ant
In this video conversation, ISG's Lois Coatney and Anthony Drake discuss sourcing models, risk profiles, the value of niche vs. strategic partnerships and more.
Move strengthens ISG’s leadership in contract lifecycle management by combining the AI-powered negotiating and contracting tools of Agreemint with the extensive vendor compliance and risk management capabilities of ISG GovernX®.
On average, companies do not track 75 percent of their deliverables and obligations due to ineffectively managed contracts.
Without transparency, you’re likely missing out on cost savings, access to innovation, compliance, deliverables and obligations. You need a single source of truth to realize the full value of your third-party portfolio.
ISG GovernX® is the first third-party management platform that allows you to proactively optimize the value of your supplier relationships, mitigate risks and manage the contract lifecycle with speed and agility.
Get control of your third-party environment, improve supplier performance and decrease spend. Leverage ISG’s knowledge and insights borne from more than $460 billion worth of enterprise client-supplier transactions.
Reduce risk and complexity in your third-party relationships.
Automate the entire lifecycle of third-party risk management. Minimize exposure to financial, reputation, operational, and identify risk exposure from your third parties. From onboarding, assessments, and remediations to performance monitoring and reviews, gain efficiency by automating your workflow, integration, and on-going notifications.
Reimagine the way you manage your supplier portfolio.
Maintain insight and oversight of your third-party portfolio. Orchestrate and manage your complex environment of third-party relationships in one easy-to-use dashboard. Automate the day-to-day activities of supplier and contract management to free up more time to spend time on strategic initiatives.
Discover how procurement can enable innovation.
Build more strategic relationships with your suppliers. Govern, prioritize, organize and deliver on the full promise of your supplier portfolio. Perform meaningful analysis on real-time governance data through interactive dashboards that drill directly down into transactional data elements.
Leverage the right technologies to be more strategic and efficient in governing all of your contracts and avoiding third-party risk.
ISG GovernX® is an innovative managed services and lifecycle management platform leveraging the latest technology from ServiceNow, Automation Anywhere and IBM Watson.
A customized single pane of glass into spend, performance and risks across the organization allows you to drive key business insights, quicker decisions and proactive actions.
ISG GovernX® is designed with an API-first approach, so it integrates easily with your enterprise environment.
GovernX makes it easy for businesses to realize the full business value of their supplier relationships throughout the entire contract lifecycle. By providing stakeholders with visibility into to all relevant contract, performance and financial information businesses can proactively manage relationships to keep them aligned with the changing needs of the business.
GovernX provides AI-enabled contract data extraction and automated workflow management which are fast, efficient, and provide deep visibility that enable better supplier relationships, risk mitigation and value realization across the entire portfolio.
Service Level Performance
GovernX automatically tracks performance against contracted service levels. GovernX will automatically validate service levels and computes service level credits and earn backs. GovernX integrates with client enterprise systems such as ERP, service management systems, and other performance platforms, to enable source performance data intake.
GovernX eliminates invoicing errors and discrepancies through automated validation of the invoices against the underlying rates and resource consumption data. GovernX can upload resource consumption data across services through API integration within the client IT ecosystem.
Deliverables & Obligations
GovernX will ensure that all stakeholders are held accountable to their commitments by tracking performance against the contract in real-time through workflow automation that drives proactive review and monitoring of all relevant contract deliverables and obligations.
|Essentials||Contract Lifecycle||Third-Party Risk|
|Data & Insights||Extract and manage contract meta data & documents|
|Analyze contract data, rationalize for savings|
|Provide insights on compliance, spend, performance & risk|
|Manage||Ensure contract compliance and administer change|
|Validate and optimize spend, minimize value leakage|
|Confirm delivery performance, maximize value of relationship|
|Author contracts, proactively manage renewals & terminations|
|Assess risk through questionnaires & mitigate risk|