Coupa Contract Lifecycle Management Streamlined Contracting for Increased Value and Decreased Risk
Explore Contract Lifecycle Management
Accelerate Contract Drafting
Cut drafting time by guiding business users to provide all necessary information, cutting out wasted time for Legal. Seamlessly pull in results of risk assessments and sourcing events to mitigate risk and maximize value.
Streamline Collaboration with Workflows
Powerful workflows enable efficient collaboration for negotiations, internal contract review, and approval to ensure strict control and capture audit trail. Embedded workflow triggers automatically route high-risk terms for review.
Accelerate Negotiations Using MS Word
Reduce the time to negotiate, approve, and finalized drafted contracts by giving Legal and others the full benefits of the clause library and workflow within the most-commonly used contracting tool: Microsoft Word.
Operationalize Buy-Side Contracts
Accelerate contracting of new sourcing awards by automatically pushing bid data to contracts. Immediately pass new contracts into purchasing to ensure employees are buying against the latest terms and then automatically validate invoices against contracted pricing to ensure value capture.
Get Visibility Into Every Contract
Capture every contract — whether on your paper or not — in a single repository for company-wide visibility including a prevailing terms view that summarizes the state of the current agreement across multiple contracts with a single counterparty.
Understand Risk Across All Contracts
Maintain tight control of contract risk with built-in risk scoring both during the drafting process and post-execution to provide consistent risk maintenance across all contracts.
Execute Contract Updates at Scale
Coupa's structured contract data and processes let you address business needs quickly by amending, re-papering, or terminating thousands of contracts at once with minimal time and resources.
Optimize Your Contracting Process
Automated contract milestone alerts and customizable dashboards allow close tracking of important dates to minimize service disruptions, while KPI reports identify any inefficiencies in your contracting process.
The Power of Suite Synergy
Unlock more value from your contracts with Coupa's suite of seamlessly integrated BSM applications.
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Contract Management + Supplier Management
Gain full visibility into supplier risk or performance issues, while avoiding contracts with un-vetted suppliers.
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Avoid Contracting with High-Risk Counterparties
Make better contract decisions with a full understanding of any risks or performance issues uncovered during supplier vetting and beyond. Ensure that the right protections and mitigation plans are included in contracts, as well as any other up-to-date standard terms covering things like ethical conduct, environmental and social impact policies, and more.
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Contract Management + Sourcing
Seamlessly draft agreements based on sourcing results to save time and drive savings immediately.
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Seamlessly Capture Sourcing Results
Coupa simplifies the process of formalizing agreements by transferring award decisions and all terms — including negotiated savings, delivery terms, risk protections, and more — to contract immediately following each sourcing event. Avoid delays, errors, and omissions by creating contracts and catalogs to start realizing the benefits of your sourcing events right away.
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Contract Management + Procurement
Incorporate contracts and catalogs directly into guided buying to maximize spend-on-contract and value delivered.
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Operationalize Your Contracts
Drive more on-contract spend and maximize the value of your contracts by surfacing contracted items and prices directly to end-users as part of the Coupa guided buying experience. Downstream, automatically validate invoices against POs and your contracted pricing to ensure contract compliance.
