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What is EY OpsChain Contract Manager?

Procurement acts as a critical link for organizations to connect with their external business partners. As the networks of suppliers and buyers become increasingly intricate, many organizations find themselves using outdated technologies and processes to manage these relationships. Although procurement teams are adept at negotiating favorable contracts, they often struggle with effectively implementing them in practice. Historically, the functions of legal, procurement, supply chain, and finance have worked in silos, focusing on optimizing their individual processes without any unified integration. This situation is exacerbated by traditional ERP systems that fail to efficiently handle business rules and volume discounts across multiple divisions, subsidiaries, and partners. As a result, the growing complexity surrounding contract execution leads to substantial contract leakage within large organizations, causing a noticeable gap between negotiated savings and the actual savings realized. Therefore, it is essential for organizations to reassess their procurement strategies in order to bridge this gap and improve overall operational efficiency. By adopting more modern and integrated approaches, businesses can better align their procurement functions with their broader operational goals.

What is Azure Blockchain Workbench?

Optimize your development workflow and encourage experimentation by employing ready-made networks and infrastructure solutions. Accelerate the realization of benefits through smooth connections and expansions to various cloud services and applications. Adopt innovation with confidence on a platform that is globally open, dependable, and user-friendly. With Azure Blockchain Workbench, you can effortlessly establish and launch a consortium network in just a few clicks, making it ideal for both development and testing scenarios. The automated setup of ledgers, network construction, and access to pre-configured blockchain commands substantially reduces the time needed for infrastructure development. By taking advantage of pre-built integrations with essential cloud services, you can decrease both the duration and costs involved in creating applications. Streamline the sign-in process and improve teamwork by associating blockchain identities with Azure Active Directory. Safeguard your private keys with Azure Key Vault, and make use of Service Bus and Event Hubs to capture vital messages and events that are crucial for triggering your smart contracts. This all-encompassing strategy not only enhances efficiency but also cultivates a stronger and more resilient development ecosystem, paving the way for future innovations.

Media

Media

Integrations Supported

Azure Key Vault
Azure SQL Database
Infinite Block Tech
Microsoft Entra ID

Integrations Supported

Azure Key Vault
Azure SQL Database
Infinite Block Tech
Microsoft Entra ID

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

EY

Company Location

United Kingdom

Company Website

www.ey.com/en_us/blockchain-platforms/contract-manager

Company Facts

Organization Name

Microsoft

Date Founded

1975

Company Location

United States

Company Website

azure.microsoft.com/en-us/features/blockchain-workbench/

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