Unlocking Hidden Value: The Importance of Invoice Forensics
In the complex and fast-evolving landscape of financial management, maintaining an accurate and efficient validation process for invoice payments is essential.
ISG’s Supplier & Contract Management solutions are powered by GovernX, our world-class, end-to-end managed service and lifecycle management SaaS platform. Leveraging the latest technology, it provides a transparent, consolidated and standardized view into contract performance, spend, opportunity and risk across your enterprise contract portfolio.
We developed GovernX to support our Supplier & Contract Management teams, leveraging our deep experience with complex sourcing relationships and our understanding of the challenges and opportunities faced by today’s vendor management and procurement organizations.
Advanced analytics and automation
Predictive analytics to help you identify and act on key performance and cost metrics to assure the value of service performance and delivery, build trust and fulfil expectations.
Automate the day-to-day activities of supplier and contract management to free up more time to spend on strategic activities.
Centralized, real-time monitoring
A customizable dashboard provides a single, comprehensive view into spend, performance and risk across the organization, driving key business insights, quicker decisions and strategic planning.
Make your governance, risk and compliance and vendor management organizations more efficient, enabling close tracking of deliverables and obligations (D&O), to prevent contract value erosion.
Enhanced risk management
Minimum exposure to financial, reputational and operational risk, and identify risk exposure from your third parties.
From onboarding, assessments, and remediations to performance monitoring and reviews, gain efficiency by automating your workflow, integrations and on-going notifications.
GovernX is designed to easily integrate with your procurement, service delivery and finance systems.
Enjoy a new kind of data-driven relationship management
Are you relying on data from your suppliers to analyze performance? With GovernX, you can do better. Manage and measure relationships objectively, and rely on facts for decision-making rather than subjective perceptions.
Benefit from exceptional contract lifecycle visibility
By providing stakeholders with visibility into all relevant contract, performance and financial information, organizations can proactively manage relationships to keep them aligned with the changing needs of the business.
Automate your contract portfolio management workflow
AI-enabled contract data extraction and automated workflow management provide deep visibility that improves value realization across the entire contract portfolio.
Track detailed service level performance data automatically
Automatically track performance against contracted and internal service agreements, validate service levels and compute service level credits and earn backs.
Maximize invoice management efficiency
Eliminate invoicing errors and discrepancies through automated validation of invoices against underlying rates and resource consumption data.
Monitor hundreds of deliverables and obligations in real time
Track performance against contracts in real-time through workflow automation that drives proactive review and monitoring of all relevant contract deliverables and obligations.
ISG helps a banking, financial services and insurance (BSFI) company transition to a new operating model, improving its efficiency and ensuring regulatory compliance.
ISG helps a major food service retail company to adopt an intelligent contracting approach, improving its efficiency and ensuring regulatory compliance.
ISG helped a major healthcare organization who did not have any formal vendor management processes set up a fully managed vendor management office using an as-a-service model.