AvaSense is a Vendor Management & Governance platform offering from Avasant. Avasant is a leading management consulting firm specializing in sourcing advisory, digital and IT transformation, contract management, and governance services,

Leveraging upon its strong experience and history in supporting clients on sourcing initiatives, Avasant has built AvaSense, which enables enterprises realize the full value of their sourcing agreements. AvaSense is a cloud-based platform that provides access to real time insights and analytics, contract repositories, dashboards, and process flows that enable effective vendor management and governance throughout the entire contract lifecycle.

Avasant’s research shows that outsourcing relationships can lose from 20% - 60%+ of their expected value due to poor governance practices. If not closely monitored, contracts can result in value leakage through several factors including poor reporting and communication breakdowns that hinder effective vendor management and delivery.

Why Choose AvaSense?

1) Reduces overall total cost of governance by up to 50% with simplified, structured and cost-effective governance

2) Reduces value leakage by 15% to 30%

3) Provides clients higher confidence in service delivery management and focus on business outcomes

Some of the key features to achieve the above-mentioned advantages, include the following:

Contract Governance: Create an integrated 360-degree view to manage service providers by contracts and outcomes that align to business strategy and mitigate risks
Performance Tracking: Implement effective SLA and performance management capabilities and ensure that outcomes are aligned with business requirements
Financial Tracking: 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
Contract Risk-Management: Manage risk across all four dimensions of contract, performance, finance, and relationship governance

AvaSense also provides effective change management and compliance with governance of deliverables, obligations, renewals, terminations and exceptions. Promoting consistency of service outcomes, governance discipline, and compliance at all stages is a key component. With best-in-class vendor governance capabilities, AvaSense’s vendor performance management provide organizations with transparency and helps to align vendor management to business objectives and outcomes.