Levelpath enables structured project management associated with contract creation and delivering holistic visibility into spend and savings through the Pipeline view. Users can initiate projects either from the initial Front Door intake experience or from the central Hub used to manage procurement activity to provide a consistent framework for tracking activity and view costs. Within Pipeline, Levelpath ensures data consistency by mapping key fields such as requester, department, and estimated spend from the initial intake process using predefined system fields.

Finance and procurement executives need a shared view to support operational transparency for sourcing projects. Enterprise sourcing is a portfolio management challenge where procurement must always make tradeoffs of time, resources, and skills to evaluate and acquire goods and services while reducing the risks of uncontrolled spend, unaligned renewals, and undocumented supplier relationships.. Procurement is acutely aware of how details matter and acutely feel the difference between a well-managed contract renewal that is negotiated and a poorly managed or missed contract where money is left on the table.

To track project savings, Levelpath also provides Value Tracking capabilities within Pipeline to help procurement departments track the savings and value provided to their organizations. Value Tracking exists within each Levelpath project, which allows procurement professionals to effectively visualize spend and savings associated with Levelpath-based sourcing activity and align to the company’s bottom line. With customizable records, this tracking can include both quantitative and qualitative value provided to the organization, which can then be credited to the buyer or the procurement department.

To support the need for real-time procurement status views and proactive value generation, Pipeline tracks contract renewal activities in one central location and monitors the estimated spend, projected and actual savings, and contract value for every supplier and project status in one accessible location. By showing the business impact and work required for each contract, businesses can effectively allocate time and resources to suppliers that provide high business impact.

Levelpath helps procurement departments easily manage a constantly changing portfolio of renewals with limited resources. Procurement departments constantly use a combination of hard power and soft power to support complex negotiations and seek visibility not only into key renewals, but the scheduling, resources, key terms, and quantifiable value associated with each contract. The combination of custom data selection and value tracking that Levelpath supports on a vendor-specific or category-specific basis can lead to deeper insights regarding the timing, business drivers, and external factors associated with achieving savings.

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