Contracting and Negotiation services by Corcentric
Corcentric’s team of contracting and negotiation experts will work to assure your contract negotiations satisfy both you and your supplier. It’s not a win for us unless it’s a win-win for you.
A great price doesn’t always lead to top quality services, and top quality services certainly don’t have to come at a high price. Our strategic sourcing and contract negotiation experts can help you navigate the challenges of contracting and negotiations to not only assess the proposed terms and conditions but provide comparisons to others in the market to create a satisfactory agreement for both parties. Decades of experience has taught us how to navigate the fine line between good contracts and great contracts. Corcentric can assist you in your contract writing and negotiations, whether part of a full strategic sourcing initiative, or as a one-off single engagement.
Our Contracting and Negotiation services include:
- A thorough review of the proposed contract
- A review of pricing terms, conditions, and service terms
- Proposed resolutions to disagreements in terms and conditions
- A comparison to other similar contracts in the marketplace
- Finding the meeting point that leaves both the supplier and buyer satisfied with the contract
Our involvement doesn’t end when you sign the dotted line. As part of our general contract negotiation process, Corcentric will provide ongoing contract monitoring and contract management services to ensure you and your suppliers stay compliant.
Fact-based negotiation services
Smart contract negotiations are methodical and backed by data. When it comes to lowering costs, driving business, and developing category management strategies, companies need an effective market research team to navigate the supply chain landscape and present the facts. Corcentric has the market intelligence necessary to make smart supply chain negotiations possible. Our years of implementing strategic sourcing best practices for top firms, coupled with our proprietary contract database and team of market research experts, provides our clients real-time insight into the competition, supply trends, contract terms, price points, and the supplier community. We’ll remove the guesswork from your next procurement investment to help your company remain competitive and negotiate cost savings.
Contract Management services and solutions
Poor contract management can result in maverick buying and lead your company to miss renewals or accept them at non-competitive rates. Corcentric’s contract management specialists are prepared to help you focus negotiation efforts and – if necessary – seek out alternative vendors. We’ll help you implement your own contract management systems and provide you with access to our free e-Sourcing and Contract Management service: WhyAbe. The combined efforts of our team and the site’s intuitive contract management features will help you automate renewals, organize crucial information, and ensure the best possible contract for your company and its suppliers. With Corcentric and our sourcing tools, you’ll never miss a renewal date or a commitment level again.
Contact Corcentric’s negotiation experts today and learn what we can bring to the table.
Win-win contract negotiations
Corcentric has negotiated thousands of contracts and has maintained a repository of contract terms, conditions, and price points that can be used to quickly obtain savings for our customers. Our database of rates, contracts, and terms assists us in quickly obtaining substantial results in negotiating new contracts for our clients.
Market intelligence
A lack of relevant data often leads procurement groups to ‘go with their gut,’ or maintain inefficient supplier relationships ‘just because.’ Corcentric’s 25 years of experience have helped us build an unparalleled database of best practices and real-time insights. This means we’re uniquely equipped to advise you during contract negotiations and every other step of the sourcing process.
A history of successful negotiations
We couldn’t promise results if we didn’t produce them. Our history of successful strategic sourcing initiatives has provided our clients with strong supplier relationships, considerable cost savings, and increased efficiency across their supply chain. Even at the end of your sourcing initiative, we may be able to help. Call us before you sign a major contract.
Procurement solutions
We do much more for our clients than negotiate contracts. Our industry-leading sourcing techniques enable us to assess and manage spend to drive long-term return on investment. Let us leverage our experience and cutting-edge tools to find the savings opportunities you’ve been looking for.
Supplier Relationship Management
Contract negotiations are just the beginning of your collaboration with a vendor. Failure to implement consistent management and communication can decrease contract value and expose your business to risk. Our supplier relationship experts will establish SRM programs to foster interaction and drive value throughout the lifecycle of your contract.
Resources
Our latest customer case studies
Daimler parts program finds growth with exceptional customer service
Daimler Trucks North America (DTNA) partnered with Corcentric to overcome the complexities of…
Naumann Hobbs brings precision and speed to accounts payable process with approval workflow solution
Restaurant chain unlocks revenue and peace of mind with electronic payments.
How Corcentric transformed the American Kidney Fund’s payment processes
A non-profit that fights kidney disease chose Corcentric to manage its $300 million grant program…