Centralizing contract management
Keeping track of a large number of complex contracts — such as market data, research, software license & information services agreements — is a challenge. Vendor contracts are frequently designed to renew automatically and canceling a contract outside its set cancellation period can be very expensive or impossible.
Data managers often struggle to determine which services the firm has subscribed to, and to identify which contracts are no longer required. Centralizing contract information can save valuable management time by providing transparency into costs, and a fast and easy way to find information.
“TRG Screen is the best at enabling cost & contract management and controlling the overall vendor relationship. The contract expiry notifications are invaluable.”
One repository for all your contract information
We deliver enterprise contract management software to get a firm grip on even the most complex commercial arrangements, pricing structures, and terms & conditions. Optimize Spend acts as your central repository of commercial agreements and active subscriptions to reconcile vendor inventory and invoicing.
Armed with this level of accuracy & granularity and backed up with evidence-based intelligence, you can enter negotiations with more confidence and expect to optimize contract renewals. At the same time, you will ensure compliance with licensing agreements and identify redundant services to save costs.