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Contract Lifecycle Management

We are looking for a solution to provide performance
insights into current contracts and create smart contracts
and clauses within the existing S2C process

Challenge Details

We are looking for a contract analytics solution that helps AstraZeneca gain insights into their currently used contracts, templates and clauses together with recommendations and technology support in order to enable digital transformation to a smart clause and template-based contract authoring process – all within their existing Source-to-Contract solution (JAGGAER).

The solution should provide insights and recommendations into:

  • Frequency of use per contract template
  • Frequency of negotiation per clause and key variations used
  • Processing time from initiation to finalization per contract
  • Risk profile per template & per clause
  • Definition of the optimal selection of contract templates and clauses

Note: Seamless integration with the JAGGAER platform is not a key requirement and could be enabled by API for a repeatable, productionised process.

Background

As part of their digital transformation, AstraZeneca Global Procurement wants to create the right set of smart contracts and clauses so the right process can be followed depending on the category, location and risk profile of the goods and services.

Practical Details

The challenge owners will select the top applicants, who will be invited for a virtual selection day. The top applicants will get the chance to share their solution with key AstraZeneca stakeholders. Afterwards, the top candidate(s) for the challenge may be invited to participate in a pilot to test their solution in the field.

  • You may receive a development and pilot budget
  • Access to a global network of connected businesses and the potential to scale your solution across AstraZeneca following a successful pilot
  • Exposure to the Digital Procurement World (DPW) network, including other clients who may be interested in your solution

  • About You

  • Business and Challenge (please use below questions as inspiration) - 1200 Characters

    • • Describe your product, service / platform (how does it work? USP’s?)
    • • What stage is your business in? What’s the financial picture? Any investors?
    • • Elaborate on team, achievements, partnerships, etc.

  • Motivation - 600 Characters

    • • Explain your motivation for applying to this challenge?
    • • What kind of partnership would you ideally envision? Can you an estimation of costs you would have to make (if applicable)? Timeline?

  • Technology - 400 Characters

    • • Do you use any of the following technologies in your products: AI/ML, Blockchain, Robotic Process Automation, Other. Note that the use of these technologies is not mandatory, but the information is being collected for data analysis purposes.

  • If you sign up for the challenge your data will be transferred to Digital Procurement World, The Next Web B.V., NLMTD B.V. and Index.co / Datalicious B.V. for the purpose of assessing startups fit for the three challenges relating to Master Data Management, Project and portfolio management and Market insights and analysis set by AstraZeneca’s Global Procurement function. We advise you to check their websites, here, here, here and here for the privacy policies they have in place.