Monitor & Manage Contract Performance
Negotiating favorable contracts means nothing if a lack of third-party contract monitoring capabilities allows the value to evaporate. However, managing a mountain of complex contracts from a collection of different suppliers is a resource-intensive challenge… until you get ComplyScore on your side.
- Monitoring contract performance allows your organization to efficiently manage and reduce risk, rapidly identify and mitigate any developing issues, and continuously assess and assure the effectiveness and quality of vendor goods/services provided.
- Vendor monitoring scorecards provide accurate, real-time insights to compare actual performance against expectations. Clear red flags are easy to identify and target for remediation, and data also highlights trends that can be addressed before they become issues.
Benefits of Our Contract Performance Tracking Solution
Our approach to monitoring contract performance adds value to an integrated TPRM program. Ensuring that contracts perform to expectations is essential to deriving full value from your critical third-party relationships.
Business Protection
Gain the risk information you need to make better decisions faster, and protect your organization from complex vendor-based risks.
Better Relationships
Having an accurate and reliable contract monitoring solution reduces business friction and makes your third-party partnerships better and more confident.
Quality Control
Monitoring contract performance gives you more control over your business relationships and supports improved quality of vendor service.
Automation & Scale
Automation and easy scaling allows you to integrate all your vendor contracts within a single, streamlined, simple-to-manage monitoring solution.
Best Practices
Align your enterprise with best practices for TPRM program performance: manage risk better, with fewer resource inputs and less complexity.
Agile & Efficient
ComplyScore’s Contract Performance Tracking solution is able to manage vendors across markets, divisions, and applications, for ultimate TPRM value.
Robust Reporting
Comprehensive and configurable reporting features make tracking, sharing, and auditing functions easier for your team to manage.
Full Customization
Flexible configurations allow you to customize our Contract Performance Tracking solution to precisely meet your needs for performance.
Make Vendor Contract Performance Tracking Part of Your TPRM Program
ComplyScore’s Contract Performance Tracking solution allows you to maximize the value derived from your supplier and third-party relationships. We track vendors against the specific line items in their contract, while your team is free to focus on your mission: now your vendor relationships are creating full value, instead of letting it slip away.
Contact the ComplyScore team today – let’s start a conversation about how you can streamline your third-party contract monitoring and management process from end-to-end as part of an integrated GRC solution.
