Contracting Services
Escala provides companies with contract management services aimed at optimizing their procurement processes. Contract management is a critical aspect of procurement that ensures contracts are correctly negotiated, documented, and administered throughout their lifecycle. Without a well-resourced contracting function, companies may find it challenging to sustain the benefits achieved through their sourcing and category management initiatives.
Make a Bottleneck a Freeway — Maximize Business Value and Balance Risks
Escala provides companies with contract management services aimed at optimizing their procurement processes. Contract management is a critical aspect of procurement that ensures contracts are correctly negotiated, documented, and administered throughout their lifecycle. Without a well-resourced contracting function, companies may find it challenging to sustain the benefits achieved through their sourcing and category management initiatives.
Escala's operating model is designed to accelerate the contracting process while delivering outstanding outcomes. By segregating contract administration and negotiation into distinct areas of expertise, Escala provides specialized knowledge in each domain, helping companies manage their contracts more efficiently. This can result in shorter cycle times, lower costs, and reduced risk for the company.
Why it’s important
Reach
Procurement extends influence beyond sourcing and creates value further into the supplier life cycle
Rather than just being along for the ride, procurement drives the contract process proactively. Thus, procurement focuses on extending the organizations’ strategic priorities throughout the source-to-pay process
Effectiveness
Leading procurement organizations extract maximum savings and business value from their contracts while balancing risks
Procurement resources who are capable of driving optimal contract negotiations and are well-versed in legal terminology.
Consistently address risks while creating compliance measures to ensure realized value
By developing contract strategies, procurement can align its activities with established category management plans and sourcing activities
Efficiency
Promote and protect stakeholder relationships by streamlining time-consuming contracting processes and improving responsiveness
Minimize cost-of-contract execution and management by automating routine and redundant processes, and creating standard workflows
Decrease cost and improve efficiency by deploying suitable resources
Services
Contract Strategy & Management
Contract Authoring
Contract Negotiation (simple to strategic)
Contract Administration, Approvals, & Archive
Contract Compliance Monitoring, Auditing, & Expiration Analysis