Solutions for Procurement Teams
Redefine procurement operations for success.
Tedious tasks, such as sourcing, contract creation, and vendor management, can consume valuable time and resources, hampering strategic Procurement initiatives. From tracking key contract milestones to centralizing contract documentation, Malbek CLM provides timely insights that reduce contract leakage and maximize contract value.
Strategic CLM Solutions for Procurement Teams
Procurement Use Cases
Purchasing Contracts
Gain control of your spending and establish agreements of goods or services. Track key details such as pricing, quantity, delivery schedules, quality standards, and payment terms and synchronize data between systems.
3rd Party Paper
Put the party back in third-party paper! Seamlessly intake third-party paper and review conditions that are preferred to minimize contract risk and delays.
Amendments
Manage and track amendments with ease. Ensure that all changes are properly documented and incorporated into the original contract and associated metadata. View a visual tree of contract hierarchy for complete visibility.
Vendor Management
Discover and report on vendor contracts. Ensure a clear understanding between your organization and its vendors/suppliers.
MSAs
Drive efficiency through your Master Services Agreements. Control transactional processes like amendments, renewals, and negotiations to minimize risk.
Integrations
Improve the post-signature process to ensure obligations are tracked and data transfers seamlessly between systems. Leverage CLM integrations like SAP, Coupa, and Netsuite to take advantage of enterprise data.
….Put the party back in 3rd party paper
Productivity at your fingertips.
Negotiate better deals.
Our clients have achieved remarkable results. Reducing cycle times by 70% or more and gaining complete visibility of their agreements, Malbek provides procurement teams with the tools to become strategic value creators. Negotiate better deals and advance your career in the process.
Deepen vendor and supplier relationships.
Procurement often wrestles with managing external party paper, non-preferred terms, poor contract visibility, and lack of automation. Take ownership of your vendor and supplier relationships to get better pricing, favorable contract terms, and enhanced collaboration. Armed with CLM, you can ensure compliance with regulatory requirements, internal policies, and industry standards.
Benefits of contract lifecycle management
Malbek CLM for Procurement
Optimize vendor management and monitor performance.
Mitigate risks during the procurement lifecycle.
Empower your negotiations with favorable terms and cost reductions.
Elevate Procurement’s role within your business.
Latest blog posts
Dig a little deeper
malbek
April 18, 2024
Malbek Launches ‘Contract Lifecycle Management (CLM) For Dummies’ Book
Published by Wiley, a must-read guide through the CLM landscape with ease and clarity. Princeton, N.J., April 18, 2024 (GLOBE Newswire) — Malbek, a leading provider of contract lifecycle management ...
Jonnie Castorino
November 19, 2024
Contract AI – The Dos and Don’ts of Using AI in Legal Workflows
In the last two years, artificial intelligence (AI) has revolutionized various aspects of contract management, becoming increasingly adopted in legal workflows. AI-powered contract lifecycle managemen...
Ed Breault
November 12, 2024
NDA Agreement & CLMs – What is an NDA? How Do NDAs Work?
Non-disclosure agreements (NDAs), or confidentiality agreements, are essential legal tools to safeguard sensitive information shared between parties. These contracts outline the responsibilities and o...