Managing hundreds (or even thousands) of contracts simultaneously can feel overwhelming. Storing physical contracts in cabinets and relying on spreadsheets to manage renewal timelines can lead to missed deadlines, automatic renewals with underperforming suppliers, and expired documents. These oversights contribute to risks and inefficiencies that can result in an estimated 9% increase in overall project spend.
Unlocking the Power of Euna Contracting
Euna Contracting, a module with Euna Procurement, provides teams with an efficient and user-friendly platform to centralize the management of every active contract, as well as associated milestones and supplier performance metrics. By mitigating contract risks and streamlining processes, Euna Contracting empowers your team to work smarter and refocus your attention on the high-value tasks on your plate.
Proactive Contract Management Made Easy
As a single, reliable source of truth, Euna Contracting frees up your time to ensure both your team and suppliers remain on track—but how?
Enhance Stakeholder Visibility
Euna Contracting provides an intuitive platform that allows easy access to agreements and milestones for both internal teams and external partners. By fostering a transparent environment, everyone can proactively engage with the procurement process, mitigating risk and fostering collaboration. Not only does this improve relationships, but also enhances overall responsiveness.
Minimize Risk Exposure
Navigating the complexities of procurement today calls for a strong emphasis on risk management. Euna Contracting equips your team with timely alerts about any potential issues concerning supplier performance. This proactive stance helps tackle challenges before they become big problems, ensuring that you maintain strong supplier relationships.
Plus, with a comprehensive view of all relevant insurance certificates and compliance documents in one place, you can easily keep tabs on all necessary risks.
Effortless Oversite
Managing contract data doesn’t have to be overwhelming. Euna Contracting provides a centralized, searchable platform that makes it easy for your procurement teams to find what they need quickly. With straightforward access to contract information, users can identify which agreements need attention, helping to streamline workflows and boost productivity.
Visual tools like calendars and timelines clarify complex data, making it easier to understand the procurement landscape. This simplicity leads to faster decisions, improved efficiency, and greater accuracy in contract management.
Anticipate Key Milestones and Decisions
Think of Euna Contracting as your go-to spot for all contract details—everything you need is in one place, along with important deadlines and renewal dates right at your fingertips. This makes it so much easier for your team to stay ahead of the game, taking action before things become urgent.
With handy visual tools that break down the bigger picture, your team can make smart, informed choices quickly, all thanks to real-time data at their disposal. And with customizable reminders, you won’t have to worry about anything slipping through the cracks, letting you stay focused on what truly matters: your strategic objectives.
Easily Monitor Supplier Performance
Euna Contracting makes performance management simple by allowing you to send out surveys to gather feedback on your suppliers. If a supplier starts to dip in performance, you’ll receive automatic alerts, so you can jump in and address issues before they escalate.
Plus, our easy-to-use KPIs help your team monitor performance closely, empowering you to dig deeper into the data when needed.
Consolidate Stakeholder Collaboration
With centralized document storage and controlled access, Euna Contracting ensures that everyone gets the information they need, boosting communication and productivity while helping you carry out your procurement strategies effectively.
The platform provides a shared space where all stakeholders, both inside and outside the organization, can easily keep track of agreements and milestones.
Leveraging Full-Cycle Procurement
Within every procurement team lies the potential to drive better outcomes through more proactive, more impactful procurement decisions. That’s why Euna Procurement goes beyond enabling 100% compliance and better efficiency, empowering procurement to step from administering events to strategic partners through the power of seamless collaboration, industry insights, and award-winning support.
Learn how our full-cycle procurement suite can transform your workflow, from sourcing to invoicing: