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Video Interview: Agiloft launches sourcing and supplier module

Editor Caroline Hill speaks to chief product officer Andy Wishart about this latest step in building out Agiloft’s contract lifecycle management platform

No-code contract lifecycle management (CLM) Agiloft today (19 May) announces the release of its sourcing and supplier information management module; a new add-on to reduce sourcing cycle time and automate supplier onboarding.

The new module is intended to extend the value of the CLM platform by focusing on the events that lead up to a contract on the buy-side, reducing the time that it takes to get there.

Editor Caroline Hill spoke to Andy Wishart about the new development, as Wishart helps the California-headquartered company to build out it end-to-end platform.

Wishart, who co-founded Business Integrity/Contract Express, joined Agiloft in January from Thomson Reuters and we find out what his strategy is for product development going forward.

You can listen to that video here:

The new module capability includes the ability to:

  • Create standardized templates with pre-approved language for RFIs, RFPs, and RFQs. Customize supplier questionnaires and templates.
  • Invite suppliers to submit responses and quickly collect and collaborate around the submission.
  • Allow stakeholders to appraise, score, and compare suppliers for their projects.
  • Stay on schedule with notifications and alerts to team members and suppliers.
  • Convert awards into contracts with the click of a button, using approved terms and conditions.