Governance, Risk & Compliance Solutions
Avasant’s Governance, Risk & Compliance services offer solutions for managing vendor portfolios, spend and services, and third party risk. Our Managed Governance Services (MGS) suite provides a simplified, structured, and cost effective way to maximize sourcing value. We provide best practice processes and state-of-the-art technology and automation to enable organizations to improve alignment with business strategies, promote operational transparency, and better manage relationships. Implementation of our methodology and proven recommendations significantly reduces the cost of governance.
Managed Governance Services (MGS)
Read our free report on IT Vendor Governance Best Practices.
MANAGE CONTRACTS
Create an integrated 360 degree view to manage service providers by contracts and outcomes that align to business strategy and mitigate risks.
MANAGE CONTRACTS
Create an integrated 360 degree view to manage service providers by contracts and outcomes that align to business strategy and mitigate risks.
MANAGE PERFORMANCE
Implement effective SLA and performance management capabilities and ensure that outcomes are aligned with business requirements.
MANAGE PERFORMANCE
Implement effective SLA and performance management capabilities and ensure that outcomes are aligned with business requirements.
MANAGE FINANCIALS
Reconcile invoices, manage service credits/charge backs, control project/vendor spend, and perform financial analyses.
MANAGE FINANCIALS
Reconcile invoices, manage service credits/charge backs, control project/vendor spend, and perform financial analyses.
MANAGE RELATIONSHIPS
Effectively manage relationships with vendors using analytics, ensuring high end customer satisfaction.
MANAGE RELATIONSHIPS
Effectively manage relationships with vendors using analytics, ensuring high end customer satisfaction.
MANAGE RISK
Manage risk across all four dimensions of contract, performance, finance, and relationship governance.
MANAGE RISK
Manage risk across all four dimensions of contract, performance, finance, and relationship governance.
Avasant’s Managed Governance Services (MGS) is powered by the AvaSense™ governance platform to enable effective management and governance of the entire sourcing contract lifecycle.
INTELLIGENT
Advanced analytics and predictive capabilities provide you with insights and intelligence to optimize your contracts.
ACCURATE
Best practice governance processes and automated workflows ensure your data is accurate and consistent.
TRANSPARENT
Dashboards, reports and analytics ensure transparency and visibility across the vendor portfolio with actionable information needed to make strategic decisions and mitigate third party risk.
REAL TIME
Access reports and data in real time to make quick and confident decisions.
COMPREHENSIVE
Avasant’s MGS powered by AvaSense™ is the most comprehensive post-signature contract governance solution incorporating all vendor management competencies: Contract Management, Financial Management, Relationship Management and Performance Management.
The Avasant MGS solution delivers comprehensive vendor governance capabilities:
Contract Management
DOCUMENT MANAGEMENT
DOCUMENT CONTRACT ADMINISTRATION & COMPLIANCE
CONTRACT CHANGE MANAGEMENT
RENEWALS & TERMINATIONS
Financial Management
INVOICE MANAGEMENT
THIRD PARTY SPEND ANALYSIS
THIRD PARTY SPEND ANALYSIS
FUNDING MANAGEMENT
Relationship Management
VENDOR COMMUNICATION AND GOVERNANCE MANAGEMENT
THIRD PARTY RISK MANAGEMENT
ISSUE AND DISPUTE MANAGEMENT
SERVICE IMPROVEMENT, CONTINUOUS IMPROVEMENT AND ROOT CAUSE ANALYSIS
Performance Management
SERVICE LEVEL AGREEMENT VALIDATION
SERVICE LEVEL MANAGEMENT
DELIVERABLES AND OBLIGATIONS
COMPREHENSIVE PERFORMANCE MANAGEMENT (INVOICE ACCURACY, FINANCIAL PERFORMANCE, ETC.)
Compliance & Risk Management Solutions
Contact us to learn more about Avasant’s VLRA.
Contract Management
Create an integrated 360-degree view to manage vendors to the contract to achieve outcomes that align to business strategy and mitigate potential risks.
Financial Management
Reconcile invoices, manage overages/charge backs, control project/vendor spend, and perform financial analyses.
Relationship Management
Effectively manage relationship with vendors through analytics ensuring high end customer satisfaction.
Performance Management
Implement effective SLA and Performance Management aligned with Business requirements.
Transition Management Solution
Today, organizations are increasingly burdened with the complexity of third party governance and compliance. Complex service contracts and hybrid operating environments can, if not properly implemented, result in value leakage through a plethora of factors including inadequate governance and poor reporting and communications that lead to challenges in achieving expected business goals, contracted outcomes and value leakage.
Avasant’s Sourcing Transition Management solution provides a simplified, structured and cost effective way to successfully implement sourcing programs. Based on proven best practice methods and processes and combined with state-of-the-art technology, our Sourcing Transition Management solution helps organizations to establish better contract relationships, maximize sourcing value, and enable continuous improvement.
ENHANCED PARTNERSHIPS
We provide trust and create win-win scenarios for all parties involved.
ENHANCED PARTNERSHIPS
We provide trust and create win-win scenarios for all parties involved.
OPTIMIZED BUSINESS VALUE
We provide operational alignment and transparency of deliverables and obligations to realize the full value of contracts to achieve strategic business goals.
OPTIMIZED BUSINESS VALUE
We provide operational alignment and transparency of deliverables and obligations to realize the full value of contracts to achieve strategic business goals.
CONTINUOUS OPERATIONAL IMPROVEMENT
We effectively monitor service outcomes and performance to drive continual quality and service improvement.
CONTINUOUS OPERATIONAL IMPROVEMENT
We effectively monitor service outcomes and performance to drive continual quality and service improvement.
Related Reports
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James Lee
GOVERNANCE, RISK & COMPLIANCE GLOBAL PRACTICE LEAD