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Digital AP Solution
Contraxia a comprehensive integrated Digital Contract Management Solution to manage contracts, provides completed control and efficiency throughout the contract lifecycle.
Contraxia also manages multi-vendor relations, enable effective contract governance, align both internal organization and suppliers on track, provides proactive risk management, minimize value leakages, deliver business outcomes, capture value and build capabilities from vendor relationships.
Managing the 3rd Party Suppliers, IT Service Providers, Extended Partner’s, GCCs and CSPs are becoming very critical considering the emerging risks in today’s multi geography, multi sourcing, multivendor environments for the buyer organization.
Monitoring Supply base Risks is very critical from Operational, Strategic and regulatory aspects.
CIOs depend on vendors to deliver a large portion of their service portfolio and play a pivotal role in improving corporate IT practices. With critical business processes now more tightly coupled with IT services and automation enablers, it becomes imperative for CIOs and the Procurement Organization to create a core competency for managing the vendors upon which they rely.
Removing manual and discrete processes and replacing them with consistent business and operation processes for Effective Decision Management & Reporting across Contract, Sourcing & Vendor Management Life Cycle (CLM, SVM & VMO).
Sourcing Governance is the key to successful Outsourcing. CIO’s will need to link governance to accountability systems, establish a comprehensive governance structure (CLM | SVM | VMO) to manage the relationship between retained organization and the supplier relationships.
The Sourcing governance (CMO | SVM | VMO) organization will need to be redefined/enhanced as it evolve from the current model to an intelligent, automated & control oriented organization with governance assets and operational controls across the vendor and sourcing landscape.
Digital Transformation >> Digital AP Automation Solution
Contraxia is a Digital Contract Management and CLM Platform for effective management of your contracts and to provides control and efficiency across the entire contract lifecycle.
Contraxia enhances your sourcing and vendor management organization (SVM) capability by delivering value, providing proactive risk mitigation on your supply base risks, effective management of global services portfolio and the underlying contracts across the contract life cycle (CLM).
Energica’ Contraxia Manage, track and report contract summary, revisions, contract changes, the underlying baseline deliverables, milestones and commercial management parameters, manage contract compliance and contract amendments.
Manage, track and report all of the invoices submitted, summary, the underlying milestones.
On-time supplier payments leading to better supplier relationships.
Reduce escalations of payment approvals to CEO/CFO .
Eliminate lapses in fraud or wrong payments.
Contraxia’ Obligation Management Module to keep track of your contractual obligations and customizable dashboards allow close tracking of important obligations, dates to minimize service disruptions, reports identify any deviations, issue-disputes arises out of your supplier
Obligation Management, Supplier Compliance Audits, Automated Contract Analytics effectively manage the contract risks of third-party relationships. (TPVRM)
Automated Contract Performance Dashboards to show your contract milestone alerts and inefficiencies in your contracting process.
Contract Analytics provides in-built risk scoring for your post-contract signoff on the execute contracts and for the new and upcoming Draft contracts (sourcing) to provide consistent risk maintenance across all contracts in the contract repository.
APGrove provides a seamless collaboration across the key stakeholders via integrated workflow for internal review, and approval to ensure strict control on the submitted invoices and establishes the audit trail.
Automated actionable spend analysis with an oppurtunity for cost savings and optimization opportunities.
Gain a competitive advantage through Contraxia
Energica’ Contraxia Manage, track and report contract summary, revisions, contract changes, the underlying baseline deliverables, milestones and commercial management parameters, manage contract compliance and contract amendments.
Manage, track and report contract summary, revisions, contract changes, the underlying baseline deliverables, milestones and commercial management parameters, manage contract compliance and contract amendments.
Provides the complete visibility into the terms and conditions (T&C) of all types of contracts .
Contraxia’ Obligation Management Module to keep track of your contractual obligations and customizable dashboards allow close tracking of important obligations, dates to minimize service disruptions, reports identify any deviations, issue-disputes arises out of your supplier
Obligation Management, Supplier Compliance Audits, Automated Contract Analytics effectively manage the contract risks of third-party relationships. (TPVRM)
Automated Contract Performance Dashboards to show your contract milestone alerts and inefficiencies in your contracting process.
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for Strategic Sourcing and RFx Management
RFx Procure to manage, track and report all RFx related initiatives with a centralized repository with seamless workflow capabilities .
Digital Supplier Governance and Reporting
A platform based digital supplier governance solution Delivers value driven governance with rich dashboards and reports; Captures value, proactive risk management and minimize value leakages ; Ensures the sustainability and advantage throughout the contract lifecycle beyond the sourcing deal
Digital Negotiation Intelligence Platform
The Negotiator Platform allow both buyer and suppliers organization to have the methodical and disciplined negotiating process with the underlying contracts & data points (SLA, T&C, Performance Scores, Issue & Disputes, Contractual Obligations, Pricing Terms etc..).
Invoice Management and Reporting
Streamline your invoice approval process with AP Grove
Contract Compliance Audits (Supplier)
Supplier Compliance Audits effectively manage the risks of third-party relationships
If you are looking for further information or would like to get in touch with us...
Digital Contract Management Platform and CLM
Contraxia is a well-suited cloud based Digital CLM Solution platform with GRC and Contract Lifecycle Management (CLM) capabilities for
The increase in numbers of strategic vendors | suppliers | partners and the trend towards multiple smaller deals and new technologies around RPA and Cognitive Automation arena underline the need for efficient sourcing, contract management & supplier governance structures.
Energica is a next generation IT Services Company headquartered in Chennai, India offering digital cloud solutions, analytics and automation services for the global clients.
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Location
Energica Advisory Services Pvt. Ltd
G1 Plot#7, 5th Street
Sekaran Nagar
Perumbakkam
Chennai– 600 100
INDIA
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(C)+91.99620.55678