#1 most frequent
United States of America
74.0%37 installations of 50
What is Emptoris?
Categories & Use Cases
Product Demos
Top Performing Features
Contract creation
Includes a document generator and tools for creating new contracts.
Category average: 8.8
Contract editing
Contracts can go through multiple drafts and revisions; the software supports multiple versions and version comparison.
Category average: 8.7
Contract milestone reminders & alerts
Users can schedule reminders and/or trigger alerts according to contract milestones.
Category average: 8.1
Areas for Improvement
MS Word plug-in
Users can make changes to contract language using Microsoft Word.
Category average: 6.8
Contract search
Users can easily look up contracts within the database.
Category average: 8.3
Custom contract reports
Users can create custom reports about the status of contracts, contract timelines, efficiency, and revenue tied to contracts.
Category average: 7.9
Who Buys & Uses Emptoris
#2 most frequent
Canada
6.0%3 installations of 50
#3 most frequent
Ireland
4.0%2 installations of 50
Emptoris- An efficient tool for improving Contracts Management & Procurement activities
Pros
- Contracts Tracking & Notifications
- Reverse Auctions & eRFXs
- Spend Analytics are insightful
Cons
- Slower when running long reports
- When upgraded to 10.0, integration was not seamless and it took more time than expected
- Reporting features have scope for improvement
Return on Investment
- Enhanced spend analytics which helps in planning project better
- Better contract management and tracking
- More eRFX & eAuctions lead to more automated & standardized processes
- Reporting tool still needs improvement (we use another internal tool for customized reporting)
Usability
Return your annual investment Day 1
Pros
- Strong analytical capabilities
- Great auction functionality
- Easy supplier registration
- Strong RFx capabilities
Cons
- Fairly sophisticated user interface for an everyday user
- Could improve help center response
Return on Investment
- We won the 2005 Baseline Magazine Award for best ROI related to a technology implementation with an ROI 5544% (see 2005 Baseline ROI Awards, GlaxoSmithkline).
- We always felt we could do "two times the work, with half the people and deliver double the savings".
Keep on pushing the buttons
Pros
- The software categorizes different types of providers.
- The software allows different reports to be used/pulled for data reasons.
- The software allows multiple addresses to be used/ for different reasons.
Cons
- Sometimes the software can be a little slow.
- Possibly create a short cut when certain addresses/name don't have be inputted so many times. Create an auto-entry.
Return on Investment
- After receiving the update, the software helped with accuracy.
Other Software Used
Microsoft Access
Engineering eye for the business guy.
Pros
- The product was user friendly.
- Integrated well with legacy and existing systems.
- Support and training offered by IBM was top notch.
Cons
- Certain components could not update properly with integration at first.
- Cost was greater than some competitors.
- Integration took longer than anticipated.
Return on Investment
- Control measures to see where agreements were getting bogged down in internal approval process.
- Lead time features were utilized well to understand timeliness.
- Business unit support increased.
- Agreement visibility improved.
- Communication between business units improved.
Other Software Used
SAP Business Objects, SAP Contract Lifecycle Management, Oracle Application Testing Suite
Contracts Management on Emptoris Product
Pros
- Maintaining contracts as Templates, This feature has helped business to simplify the contract language maintenance and also helped simplify the maintenance of clause related elements that will be used across the product.
- Easy way to create the contracts, Emptoris has provided the easy ways to create the contracts. We dont need any expertise for creating a contract , with interview module any one can do so by answering a simple set of questions.
- Monitoring, This is the best feature I can really count on. The monitoring of the contract is made very easy with the simple configurations and can be monitored in different ways like workflows, email etc.
- MS word as a plugin for editing the language, this is another best feature. Editng of contract language can be done by opening the contract language in a word document . It is a simple process - open, edit, save and close. This saves to Emptoris templates.
Cons
- Reporting, Emptoris comes with standard reports which can not always can be fit into our business. This needs to be improved. I hope Emptoris is addressing this issue in their latest releases.
- Though the feature of editing language in MS word is excellent, loading MS word takes time.
Return on Investment
- Improved Contract process cycle times, Features like parallel approvals can really help with reducing the process cycle times on the contracts. This led to increased employee efficiency.
- Interview module - contracts creation made it very easy to further business processing.
- Monitoring is a great help and this feature helps customers to worry less about milestone dates for active contracts.
- Reports need improvement and should have some feature to create user defined reports.
