In an effort to support digital transformation, procurement organizations are continuously looking for ways to enhance their image and drive positive change. Traditionally, teams look to POs, invoices and payment records to unearth new opportunities in spend, however, contracts are an untapped source of critical insight.
To take spend visibility and analysis a step further, procurement teams can leverage analytic tools to quickly discover and analyze all of their contracts to gain insight into crucial business activity. This brief details the full extent of what’s tied up in a business’ contracts and explores how procurement can make the case for investing in contract analytics. With the emergence of digitized contracts and artificial intelligence, analytic solutions, like Seal Software, can reveal actionable insights that inform long-term financial planning, model potential risks and forecast business opportunities.
Download this Spend Matters white paper to learn more about how contract analytics solutions are driving digital transformation.