While every company wants to standardize contracting processes, it is still too far from reality. Procurement and contracting teams spend a lot of time going through the master services agreement, statements of work, service level agreements, rate cards, and payment milestones every time a new project is initiated, or a change order is created.
Xybion provides a contract compliance solution that automates rules-based checks to reduce manual review by up to 70%.
A typical statement of work (SOW) may take 30 minutes to review manually. With the Xybion XDP Predictive Compliance solution, you. can review and compile status reports in under a minute, including:
Monitor vendor SLA commitments with status reports that can be automatically generated according to your timeline.
As all the suppliers need to be qualified for their work, most companies use quality, compliance, and security audits to ensure their relationship is derisked. Xybion third-party audit solution helps companies to automate the audit process, standardizes ways of getting audits done, ensure follow-ups and closure. A lot of pre-work is done using Xybion automation tool to find the high-risk audit areas which help the auditor to prioritize. Xybion solution offers documentation and CAPA solutions, as required.