In the fast-paced world of business operations, contract lifecycle management (CLM) plays a ...
Tedious tasks, such as sourcing, contract creation, and vendor management, can consume valuable time and resources, hampering strategic Procurement initiatives. From tracking key contract milestones to centralizing contract documentation, Malbek CLM provides timely insights that reduce contract leakage and maximize contract value.
Gain control of your spending and establish agreements of goods or services. Track key details such as pricing, quantity, delivery schedules, quality standards, and payment terms and synchronize data between systems.
Put the party back in third-party paper! Seamlessly intake third-party paper and review conditions that are preferred to minimize contract risk and delays.
Manage and track amendments with ease. Ensure that all changes are properly documented and incorporated into the original contract and associated metadata. View a visual tree of contract hierarchy for complete visibility.
Discover and report on vendor contracts. Ensure a clear understanding between your organization and its vendors/suppliers.
Drive efficiency through your Master Services Agreements. Control transactional processes like amendments, renewals, and negotiations to minimize risk.
Improve the post-signature process to ensure obligations are tracked and data transfers seamlessly between systems. Leverage CLM integrations like SAP, Coupa, and Netsuite to take advantage of enterprise data.
CLM Overview
Our clients have achieved remarkable results. Reducing cycle times by 70% or more and gaining complete visibility of their agreements, Malbek provides procurement teams with the tools to become strategic value creators. Negotiate better deals and advance your career in the process.
Procurement often wrestles with managing external party paper, non-preferred terms, poor contract visibility, and lack of automation. Take ownership of your vendor and supplier relationships to get better pricing, favorable contract terms, and enhanced collaboration. Armed with CLM, you can ensure compliance with regulatory requirements, internal policies, and industry standards.
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