Enlighta’s platform makes it easier for retail & consumer packaged goods (CPG) organizations to derive more business value from supplier relationships by providing a data analytics driven platform that allows for comparison of rates, validation of invoices, tracking & reporting of suppliers performance, and automation of vendor governance processes.
Retail organizations and CPG enterprises have leaned heavily on third parties to drive innovation and lower the cost of services. There is an increasing need to make data-driven decisions with respect to contract renewals and new partner engagements.
Vendor managers, Contract managers, Business stakeholders, Service managers as well as Supplier Engagement Managers and Supplier Delivery Managers all need to be on the same page.
VMO and the TPRM groups have a lot going on and are typically small groups with limited bandwidth; a key challenge is to empower these groups with a robust platform without needing a lot of their time.
Enlighta’s platform uniquely addresses the requirements of Retail enterprises.
Unlike point solutions, Enlighta addresses all facets of effective Supplier Governance including performance management, contract compliance, third-party risk monitoring, compliance attestation, and more. Enlighta integrates with leading GRC and Contract Management tools.
Effective vendor governance includes active participation by Executives, Vendor Managers, Business stakeholders, Contract Managers, Compliance Groups, etc. The ability to support different needs of these stakeholder groups to drive adoption is critical.
Out of box collaborative processes help prevent operational issues from impacting relationships.