Context

Modern Procurement is much more than sourcing services and reducing cost. Procurement teams face an increasing number of qualitative aspects to consider buried in contract text (Finance, Health, Safety, Industry practices, Reputation, CSR) and a deeper control obligation to insure that the necessary obligations are passed down to subcontractors at global scale. Add to this that contracts will inevitably change in many ways (general terms, specific conditions, etc.). Harmonized template-based approach is hardly workable in such a context, resulting in almost impossible control at scale today even by most advanced procurement or CLM software given volume, diversity and multiple languages in multi-layer supplier contracts

Key words: Global Procurement Subcontractor Obligations Risk Management Supplier ecosystem Legacy Systems CLM

Why CODEXO

CODEXO turns 100% of the content of all Procurement Contracts into an exhaustive, accurate and traceable data system that users can easily access and query across to

  • Reduce uncertainty for better decision making
  • Slash cost time and uncertainty for agile in depth audit & control at scale, and
  • Integrate over existing infrastructure seamlessly for immediate data agility without replacing legacy systems

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