Overview
Emptoris- An efficient tool for improving Contracts Management & Procurement activities
• Sourcing
• …
Return your annual investment Day 1
Great customization options -- with certain limitations
Engineering eye for the business guy.
Keep on pushing the buttons
Emptoris Review - Very Powerful and flexible integrated solutions for experienced eSourcing practitioners
A to Z solution
Too complex for a simplified implementation
Differences in Contract Management
Contracts Management on Emptoris Product
Emptoris Contract Management & You
Invoicing made simple with Emptoris
Emptoris review from Network Development
Emptoris- A simple yet effective user review
Awards
Products that are considered exceptional by their customers based on a variety of criteria win TrustRadius awards. Learn more about the types of TrustRadius awards to make the best purchase decision. More about TrustRadius Awards
Popular Features
- Contract database (5)7.777%
- Contract search (5)7.575%
Pricing
Emptoris
$59.00
Entry-level set up fee?
- No setup fee
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
Product Demos
IBM Emptoris DocuSign Demo Video
Procurement - Demo Emptoris
Features
Contract Authoring
Features related to the contract authoring process.
- 9Contract creation(4) Ratings
Includes a document generator and tools for creating new contracts.
- 7.8Contract templates(4) Ratings
Allows users to set up templates or templatize old contracts in order to make new contract creation easier and more consistent.
- 8.3Clause library/saved fields(4) Ratings
Users can save certain fields of a contract for re-use; these may be stored in a template or a clause library.
- 8Guided logic(2) Ratings
Automated questions (based on company policies and the circumstances of the deal) help with the contract authoring process; this is an example of partial automation.
Contract Collaboration
Features related to collaborating on contracts.
- 8Contract sharing(4) Ratings
Users can easily and securely share contracts with internal users and external users. Contracts are accessible.
- 8.7Contract editing(4) Ratings
Contracts can go through multiple drafts and revisions; the software supports multiple versions and version comparison.
- 7.5Collaborating on contracts(3) Ratings
Internal and external users can collaborate on contracts without changing the text of the contract; this may be done through comments, questions, and/or message board conversations.
- 7.5MS Word plug-in(2) Ratings
Users can make changes to contract language using Microsoft Word.
- 8.2Approval process(4) Ratings
Approval workflows can be configured to streamline and automate the approval process; the approval process is helpful and convenient.
- 7.8Interdepartmental workflows(4) Ratings
Users can set up interdepartmental workflows so that contracts can flow between teams in a logical and organized manner.
Contract Monitoring
Features that enable users to monitor the status of contracts.
- 7.7Contract database(5) Ratings
Contracts are stored and organized in a central repository.
- 7.5Contract search(5) Ratings
Users can easily look up contracts within the database.
- 8.5Contract milestone reminders & alerts(3) Ratings
Users can schedule reminders and/or trigger alerts according to contract milestones.
- 7.4Custom contract reports(4) Ratings
Users can create custom reports about the status of contracts, contract timelines, efficiency, and revenue tied to contracts.
- 8.4Tracking contract status(4) Ratings
Users can track the status of a contract as it moves through the approval process and beyond.
- 7.9Compliance check(3) Ratings
Users can define and enforce complex business rules related to compliance regulations; helps automate or partially automate contract compliance check.
Product Details
- About
- Competitors
- Tech Details
- FAQs
What is Emptoris?
Emptoris Competitors
Emptoris Technical Details
Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
---|---|
Operating Systems | Unspecified |
Mobile Application | No |
Frequently Asked Questions
Comparisons
Compare with
Reviews and Ratings
(23)Attribute Ratings
Reviews
(1-15 of 15)My review on Emptoris from a Buyer's Perspective
- I am not part of the ROI part of the business. I can only say that using Emptoris makes my life a lot easier in terms of time saving. That way I can focus more time on other things. I think this leads to better customer service.
Emptoris- An efficient tool for improving Contracts Management & Procurement activities
- 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)
Return your annual investment Day 1
- 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".
Great customization options -- with certain limitations
- Increased ability to manage risk by ensuring all contract negotiators are working from the same standard template when they start each new contract - much better than using various iterations of Save-As Word documents
- Increased visibility into contract repository - much easier to see contract inventory within the Emptoris repository instead of filing cabinets full of contracts and Word docs saved to shared drives
Engineering eye for the business guy.
- 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.
Keep on pushing the buttons
- After receiving the update, the software helped with accuracy.
Emptoris Review - Very Powerful and flexible integrated solutions for experienced eSourcing practitioners
- We have a very good ROI over the first 3 years, being able to run several eRFx
- Only a few eAuctions were run in the tool (requires higher level and skills).
- Spend analytics is definitely a tool to consider but implementation takes always longer than planned.
A to Z solution
- Increased efficiency
- Ease of use
- Training provided on new roll outs
Too complex for a simplified implementation
- N/A. We did not implement the tool after the pilot.
Differences in Contract Management
- It gave us a way to track and catalog our contracts, which was essential.
Contracts Management on Emptoris Product
- 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.
Emptoris Contract Management & You
- Emptoris allows a positive ROI as it is easy to see which contracts still need to be signed, so our teams can focus their efforts.
- Allows users to insert name, address, etc. fields into contracts so contracts can be custom-generated easily.
- Great tracking of revisions and status to show differences in custom contracts that deviate from the standard.
Invoicing made simple with Emptoris
- Faster approval process for submitted invoices to client.
- Fewer click invoice generation.
- Easy steps to send the invoices to buyers.
- Automatically adds all the receipts to one invoice.
Emptoris review from Network Development
- The only negative impact is doing the legacy load it is a very manual process.
- The positive impact would be the time saved in creating contracts and sharing with providers.
- The positive impact is the reporting that's great.
Emptoris- A simple yet effective user review
- Increased employee efficiency
- Manage multiple RFX's at one time