The Contract Accelerator Suite
Are you familiar with these challenges?
Not enough know-how
More than 100 of new contracts every year – often written by suppliers with disadvantageous terms for customers
Every contract looks different and nobody has an overview what is written in these various contracts
Services are hard to find
Vendor Management is difficult based on completely different agreements and terms in the contracts
“Inefficient contracting causes firms to lose between 5% to 40% of value on a given deal”
(Harvard Business Review)
KPC Contract Accelerator Suite solves all these problems
KPC Contract Accelerators bundle content – that shall be included in every contract e.g. for software development or application management – on Contract Accelerator level. This content is applicable for all contracts / Statement of Works that are signed between customer and the selected strategic suppliers of the customer.
This approach enables many advantages as described below.
Advantages of a Contract Accelerator
KPC Contract Accelerators are available for various industries. The following example shows the Contract Accelerators created for the IT industry.
More information about the KPC Contract Accelerators can be found in the Contract Accelerator Whitepaper.
Contract Accelerator Suite List
These Contract Accelerators are offered in different Suite Models to support you in your contract standardization journey.
Contract Accelerator Tools to speed your standardization
Additionally, KPC offers solutions / tools to migrate your contracts from unstructured documents to digitally managed contract content. These digital contracts can be managed during the complete lifecycle of the contract.
- The main advantages:
Requirements are specified / improved by the SMEs (= Subject Matter Experts) in a modern online user interface
- The SMEs get improvement ideas by the AI features in the tools and can involve experts for difficult questions via the collaboration features
- Vendor Managers have always an overview about current status of all contracts / SOWs across the globe
- SOWs to be negotiated are not sent to potential vendors as Word documents. Instead of that, every vendor can access the SOWs in an online tool and agree / adjust specified requirements for SOWs
- Every supplier only sees the own changes proposed / agreed / rejected – no supplier sees the changes of other vendors in the tools
- The contracts / SOWs are not Word documents anymore – instead of that, the contract content is managed online during the contract lifecycle.
- Online managed contracts are negotiated significant faster and can easily managed across the contract lifecycle.
All your tenders clearly arranged with the SOW Manager
SOW Manager Dashboard
Everything under control! The dashboard provides you with an overview of current tenders, news and evaluations of suppliers. See at what stage your various tenders are and what you still have to do to complete your tender.
Thanks to an organised arrangement of the contents of your tenders, vendors and requirements, you are provided with a structured overview of your possibilities and activities. Use the filter to sort the items displayed to you according to your needs and search for SOW, suppliers or requirements.
Down to the smallest detail
Keep an overview of every detail of your tender in the detail view. Define content factors and work on individual requirements within the company using collaborative working.
After the contract is created with all requirements, you can share it with your strategic suppliers in digital way. Can you imagine – no word documents are sent between customer and suppliers to align content. Instead of that, requirements are discussed with potential vendors in online mode and every vendor can accept / adjust the requirements in the online tool.
Communicate within the company using the integrated message function and exchange information (e.g. with Legal) about any changes in your requirements, tenders or other content points to perfect your SOWs.
The SOW Manager also enables direct communication between vendors and customer. Use the message function to exchange information to discuss / improve / agree on specific requirements with potential vendors.
KPC Contract Accelerator Products
The Contract Accelerator Suite includes a various of methods, training documents, tools to make your contract journey to a success.