PATRICK MARTER
CONTRACT MANAGEMENT
PATRICK MARTER
TITLE: UK PROCUREMENT PRACTICE LEADER
COMPANY: PWC UK
INDUSTRY: PROFESSIONAL SERVICES
LOCATION: LONDON, UK
Patrick, a Partner at PwC, leads UK Procurement, helping clients manage supply chain cost, rise and emissions using analytics, S2P tech and strategic sourcing expertise.
Solutions now help to surface critical information such as upcoming renewals or out-of-policy payment terms.“ It’ s about giving procurement the visibility and confidence to act faster and govern smarter,” says Gaurav.
Regulatory compliance in a dynamic environment The regulatory landscape facing procurement teams continues to evolve rapidly, with requirements varying significantly across sectors and geographies. This complexity demands sophisticated tools that can adapt quickly to changing requirements whilst maintaining operational efficiency.
“ Regulations are always changing – especially when your suppliers span the globe,” observes Gaurav. DocuSign’ s approach includes tools like Navigator, a smart repository that provides procurement teams with comprehensive compliance visibility across their contract portfolios.
AI capabilities can now help give teams the ability to instantly scan thousands of agreements and quickly identify and report on clauses tied to GDPR, CCPA, DORA and more, meaning there is no need to dig through thousands of documents.
This technological capability addresses a fundamental challenge identified by Patrick regarding regulatory adaptation:“ Many organisations initially respond by introducing new processes or tools for each new requirement, leading to a fragmented ecosystem of overlapping systems and complex workflows.”
Streamlining vendor management processes With these challenges, it leads the way for much better supplier collaboration through the automation of risk assessment and vendor management processes.
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