EY OpsChain Contract Manager
Facilitate a procurement workflow by enabling the issuance of RFQs, contracts, purchase orders, and invoices for your use across your network of trusted business partners
Allows you to receive bids and create contracts for on-going procurement operations
Issue a request for quotation for up to two business partners, select the winning bid, and draft a contract with terms and conditions that includes a volume rate table for a product.
Allows you to issue purchase orders and invoices while keeping track of aggregate spend and volumes
Calculate prices based on previously agreed upon terms and conditions, automatically track and update aggregate volumes, and issue invoices once goods receipt has been confirmed.
Automation
Calculate purchase order prices based on previously agreed upon contracts, thereby increasing data accuracy and reducing manual reconciliation efforts.
Scalability
Easily on-board new business partners and expand the procurement network without the need to upgrade existing IT infrastructure or ERP instances.
Transparency
Contracts terms and conditions can be referenced by authorized parties at any point in time to ensure compliance.
Federico De Poli
EY OpsChain Global Product Manager
Paul Brody
EY Global Blockchain Leader
Blockchains will do for networks of enterprises and business ecosystems what enterprise resource planning (ERP) did for the single company.
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