The COVID-19 pandemic is creating commercial challenges previously unimaginable for businesses across the globe.

And for procurement it means there will be two pressing priorities to deal with right now:

1. Ensuring supply chain continuity
2. Find cost savings to ease the pressure on the bottom line

Get started in 48 hours

Because of the current challenges we’re now offering our Source to Contract suite, comprising both eSourcing and Contract Management with Docusign, delivered remotely and ready for your procurement team and buyers to use in 48 hours. Read our guide to find out more.

Go live in 48h


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Ensuring supply chain continuity

Your supply chain partners will undoubtedly be experiencing severe turbulence of their own, whether that’s keeping their cash flowing as customer orders dry up, or coping with unprecedented demand due to the relevance of their products or services in the fight against the virus. That means you will need to ensure you have cover in place quickly for any supply chain continuity risk, for example:

  • Awarding contingency contracts in business critical spend categories
  • Completing emergency tender processes should existing supply partners fail to meet their obligations to you

Find cost savings to ease the pressure on the bottom line

On the reverse of your supply risk, is your sales risk, and for the majority of organizations turnover will be under severe pressure for the next few months. This means that cost margins will be under the microscope more than ever, as procurement looks to find new spend savings opportunities. So as a team you’ll need to be working fast:

  • Increasing your ability to complete more supplier renewal renegotiations, but with the same (or even less) procurement headcount
  • Stopping contract rollovers your business doesn’t want, and reducing more of your expensive off-contract spend

Get started in 48 hours

Because of the current challenges we’re now offering our Source to Contract suite, comprising both eSourcing and Contract Management with Docusign, delivered remotely and ready for your procurement team and buyers to use in 48 hours. Read our guide to find out more.

Corona Stack