Contract Compliance
Claritum enables buying organisations to control which suppliers can be used, monitors buyer and supplier performance to provide a 360 degree view of contract compliance. The application ensures operational and regulatory compliance across your supply base via monitoring of your spend, contracts and controls to drive down risk and identify opportunities for greater savings and efficiencies.
The solution achieves a balance between the flexbility that marketers and buyers require with the disciplines needed by procurement and compliance.
Dependent on the client requirements, Claritum can restrict buyers to preferred vendors or allow access to an open market place. Specifications and pricing can be limited to approved or pre-negotiated products, or users can have full flexibility to procure.
The system provides for flexible role based permissions, comprehensive spend limits and authorisation controls to ensure that the spend is managed within approved parameters. As an on-demand application, your management can monitor performance, be alerted to exceptions for approval and fine tune parameters in order to optimise the value delivered.
Key benefits:
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control your spend, suppliers and contracts
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achieve savings
