creating powerful connections enporion confidential contract life-cycle management platts 6 th...
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CREATING POWERFUL CONNECTIONS
ENPORION CONFIDENTIAL
Contract Life-Cycle Management
Platts 6th Annual Strategic Supply Chain Management for Utilities Conference
January 29, 2008Catherine E. Gouze, Esq.
Enporion, Inc.
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CREATING POWERFUL CONNECTIONS
ENPORION CONFIDENTIAL
#10
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CREATING POWERFUL CONNECTIONS
ENPORION CONFIDENTIAL
#10 SAVE MONEY
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CREATING POWERFUL CONNECTIONS
ENPORION CONFIDENTIAL
“MONEY DOESN’T TALK, IT SWEARS.” - Bob Dylan
• Pressure to drive cost out of the supply chain
• Contract Leakageo Unredeemed rebateso Discounts not appliedo Overchargingo Maverick Spend
• Identified in “Real Time”
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CREATING POWERFUL CONNECTIONS
ENPORION CONFIDENTIAL
#9
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CREATING POWERFUL CONNECTIONS
ENPORION CONFIDENTIAL
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CREATING POWERFUL CONNECTIONS
ENPORION CONFIDENTIAL
#9 CREATE YOUR OWN MONSTER
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CREATING POWERFUL CONNECTIONS
ENPORION CONFIDENTIAL
#8
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#8 COMPLY WITH CONTRACT TERMS AND REGULATIONS
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CREATING POWERFUL CONNECTIONS
ENPORION CONFIDENTIAL
• Operational Complianceo internal policies and procedureso business objectives
• Supplier Complianceo pricing, service levels, deadlines
• Regulatory Complianceo FERC, HAZMAT, OSHA, EPA, DOT, IRS….
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CREATING POWERFUL CONNECTIONS
ENPORION CONFIDENTIAL
#7
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CREATING POWERFUL CONNECTIONS
ENPORION CONFIDENTIAL
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CREATING POWERFUL CONNECTIONS
ENPORION CONFIDENTIAL
#7 DEVOTE MORE RESOURCES TO THE OFFICE OF
COMPLIANCE
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CREATING POWERFUL CONNECTIONS
ENPORION CONFIDENTIAL
#6
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CREATING POWERFUL CONNECTIONS
ENPORION CONFIDENTIAL
#6 FIX THE BROKEN STEPS IN THE CONTRACT LIFE-CYCLE
PROCESS
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CREATING POWERFUL CONNECTIONS
ENPORION CONFIDENTIAL
BPM – Business Process Management
“It’s about the fusion of business operations and information technology to the point of unity. That transformation is well under way on a scale that can only be called the greatest 21st century business reformation.”
-Peter Fingar
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CREATING POWERFUL CONNECTIONS
ENPORION CONFIDENTIAL
• Pre-approved templates and clauses• Automated process with configurable roles,
permissions, security, and alerts• Audit to ensure all following same process• Violators identified in Real Time, so
corrective measures in Real Time• Ongoing process: adjustments easier with
automated process• Learning curve for new employees shortened
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CREATING POWERFUL CONNECTIONS
ENPORION CONFIDENTIAL
QUERY:
Whether process definition will occur without the discipline of software implementation… and even if so, are the benefits sustainable without the controls and data capture the software provides?
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CREATING POWERFUL CONNECTIONS
ENPORION CONFIDENTIAL
#5
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CREATING POWERFUL CONNECTIONS
ENPORION CONFIDENTIAL
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CREATING POWERFUL CONNECTIONS
ENPORION CONFIDENTIAL
#5 WORK MORE WITH YOUR LEGAL DEPARTMENT
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CREATING POWERFUL CONNECTIONS
ENPORION CONFIDENTIAL
#4
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CREATING POWERFUL CONNECTIONS
ENPORION CONFIDENTIAL
#4 PROVIDE ANALYSIS AND REPORTING
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CREATING POWERFUL CONNECTIONS
ENPORION CONFIDENTIAL
• Significant value and data in contracts• Need tools to extract the data• Spend visibility in Real Time• Corrections/adjustments in Real Time• New savings opportunities identified, and
deals may be renegotiated• Set up reports that are valuable to you• Analyze the data at a more detailed level
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CREATING POWERFUL CONNECTIONS
ENPORION CONFIDENTIAL
#3
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CREATING POWERFUL CONNECTIONS
ENPORION CONFIDENTIAL
#3 WORK MORE WITH YOUR FINANCE DEPARTMENT
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CREATING POWERFUL CONNECTIONS
ENPORION CONFIDENTIAL
#2
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CREATING POWERFUL CONNECTIONS
ENPORION CONFIDENTIAL
#2 COMPLY WITH SARBANES OXLEY ACT OF 2002 (“SOX”)
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CREATING POWERFUL CONNECTIONS
ENPORION CONFIDENTIAL
• Public Company Accounting, Reform, and Investor Protection Act of 2002
• CEO/CFO personally responsible for establishment and maintenance of controls and procedures
• Periodically test and evaluate effectiveness• SOX reporting, material changes of events
that may have an impact on a company’s perceived market value….reported to SEC in 48 hours
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CREATING POWERFUL CONNECTIONS
ENPORION CONFIDENTIAL
#1
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CREATING POWERFUL CONNECTIONS
ENPORION CONFIDENTIAL
#1 KEEP YOUR CEO OUT OF PRISON