Contract management: Process, stages, & examples

SaaS Trends

It would be great if contract management was as simple as adding agreed-upon details, collecting signatures, and calling it a day. But we live in the real world, which means a simple page with signatures isn’t enough to protect your vendor deals, establish production guidelines, enforce compliance, or enforce payment terms.

Written by

Vivian T.

Published on

July 21, 2022

August 4, 2022

Read Time

It would be great if contract management was as simple as adding agreed-upon details, collecting signatures, and calling it a day. But we live in the real world, which means a simple page with signatures isn’t enough to protect your vendor deals, establish production guidelines, enforce compliance, or enforce payment terms. 

Add to that list a mountain of things that could go wrong last minute, and you find yourself needing ironclad contract management processes (and know-how) to ensure your vendor relationships go as smoothly as possible. 

In previous posts, we’ve walked through how to negotiate SaaS contracts. However, this guide is designed to lay out the typical process and stages of contract management and tips on how to manage it all — but better. 

What is contract management?

Contract management is the process of creating, executing, and managing contracts. Once all parties accept the terms outlined in a contract, the agreed-upon exchange of goods and services can start.

There are all types of contracts, including employment agreements, utility contracts, rental agreements, outsourcing agreements, and nondisclosure agreements. In this guide, we’re focusing specifically on vendor agreements. 

A well-managed contract acts as a safeguard against possible mishaps. It can save you from countless headaches, lost time, and expensive mistakes. Because they are such valuable documents, you want to be careful about managing your contracts. 

Why is contract management important?

The benefits of sound contract management are clear. Contracts act as a record of vendor deals, protect all parties involved, minimize hazards, and add clarity and accountability to your vendor relationships. 

A digital contract management solution makes it possible to keep all your contracts in one accessible place. It makes your contracts editable living documents that you can pull up, amend, or attach an addendum to. But it doesn’t stop there. 

Here are some additional reasons why proper contract management is a must: 

  • Contract management helps you avoid costly disputes. If a contract is clear and legally binding, it will be easier to enforce. 

  • An estimated 60 to 80 percent of business activities are governed by contracts and agreements, making them essential to the efficient conduct of most business operations. Contract management ensures that all parties have a point of reference for what has been agreed upon and by whom.

  • Proper contract management directly affects cost and revenue management, improves productivity, and reduces errors. 

  • Proper contract management is critical in establishing long-term relationships with vendors. Deals go smoother when a solid contract underpins them. A well-managed contract functions as a bridge that helps build trust and fosters cooperation.

  • Contract management is useful in making strategic data-driven decisions because it gives insight into contracting bottlenecks, recurring issues, and contract shortcomings. 

  • A sound contract management system standardizes processes for contracts that need to be drafted regularly. This gives your vendor management team more time to address other vital issues.

What are the stages of contract lifecycle management (CLM)?

A good contract management process uses data at every stage to reduce legal and financial risk. Contract lifecycle management, or CLM, takes care of all the steps required to create a contract, including:

  • Drafting
  • Negotiating
  • Approving
  • Signing
  • Implementing
  • Tracking
  • Renewing

Every business has unique needs. In the same way, the stages included in any CLM process can differ from one company to another. However, six common steps are relevant to most contract management cycles. Here’s a walkthrough of each one. 

Preparation 

The first step of a contract management process is locating the supporting documents required to prepare a contract. Every stakeholder involved needs to get on the same page. 

Once all parties are aligned, the legal team can start drafting a contract. But wait. In this step, you also need to outline:

  • Party goals and key performance indicators (KPIs): What are the goals and KPIs every party needs to fulfill?
  • Risks: What potential risks should both parties be aware of?
  • Expectations:  What are the needs and requirements of both parties?

For example, suppose a roofing company wants to outsource its shingle-production efforts. Before a contract can be drafted, both the shingle manufacturer and the roofing company need to discuss their expectations, possible risks, supply chain management expectations, appropriate performance indicators, and goals.

Negotiation

Some teams prefer to draft an initial contract both parties can negotiate from. Others may want to take care of negotiations before a contract is ever drafted. 

Either way, the negotiation stage is an opportunity to maximize value, lower costs, and arrive at a deal with terms that please all parties. Parties can negotiate a timeline, ask to remove a clause that doesn’t fit well or discuss reimbursement terms. 

Next, a draft can be created. If you created a draft before negotiating, you can now edit the draft with the agreed-upon terms. 

Drafting

Once expectations and goals are set and you’ve negotiated successfully, it’s time to draft a contract that addresses all the discussed points. 

For example, once a software company and vendor have finalized all the details, the software company can ask a contract expert to prepare the first draft. Both parties can later review the contract to see whether everything is covered. 

Approving

After negotiating all the key terms and drafting a contract, you need to get approval from every stakeholder on the final version. That is, signatures are in order. 

Digital contract authorization tools or templates help manage the approval process, so it’s less time-consuming. Include the start date in the agreement and get approval from both parties. Once approved, the agreed-upon terms can be executed as per the contract. 

Executing

Once the contract is signed and approved, it becomes effective on the agreed-upon date. For example, the signed contract may stipulate the vendor starts the work at the beginning of the following month, as was mentioned in the agreement. 

Once the contract is effective, your contract managers ensure everyone follows the outlined terms. Tracking requirements outlined in a contract is worthwhile because sometimes things don’t go as planned. 

For example, one of your vendors may encounter difficulties in their supply chains, which means your deliverables may either be delayed or not up to standard. In that case, contract terms can be revised, assuming communication stays open and consistent. 

Renewing

When the contract terms end, both parties decide whether they want to renew or terminate the contract. Renewal should include a new round of negotiations—take time to refine the contract and use a review process to adjust it for any new terms. Termination officially ends a contract.

Most businesses are simultaneously juggling a good number of contracts. Automations and contract renewal alerts help vendor management teams stay on top of contracts as they expire and plan for each quarter. 

Vendor management software can be a key part of managing your contracts so none fall through the cracks. 

How to manage contracts with ease

Contract management is a simple yet involved process. With the right software, you create a contract management system tailored to your needs. 

Take Vendr’s free saving analysis tool to find out how much money your current setup is leaving on the table. 

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Jeff Swank

SaaS Trends

SaaS overload is changing the Role of the CIO.

Procurement, IT, and Vendor Management leaders are becoming increasingly important as they represent the critical link between organizations' internal capabilities and the external digital business ecosystem- providing a strategic edge- and they’ve never been under so much pressure. A CIOs basic function is to ensure systems and information is available and accessible to whomever needs it. However, the technological landscape is rapidly changing, and systems and information are multiplying.

So, in a world with hundreds of technologies under the company-hood, how can a CIO possibly manage all of these relationships?

The 80/20 Rule

Using the ‘Pareto principle’ has become common practice amongst CIOs, namely, focusing 80% of organizational spend and time, with 20% of vendors. With the rapid pace of technology driving incredible organizational change, finance leaders and CIOs are taking the time to invest in strategic relationships, such as setting up quarterly business reviews with their highest spend vendors.

There's not enough time in the day to manage relationships equally when you own 100+ SaaS products. And you shouldn't prioritize equally. That's why CIO's and their IT teams spend the vast majority of their "partnership time" with the vendors like AWS, Salesforce, and the other vendors that provide critical infrastructure to the organization. IT's executive time is spent on the areas where the largest impact can be realized. 

But what about the 80%?

Procurement, IT and Finance leaders weigh up the cost and benefit of managing tail spend with data silos, misaligned teams and ‘maverick purchasing’ to contend with. At a high-growth company, this likely represents 100-200+ vendors, and millions of dollars of spend.

Historically the 20% was perceived as too much effort for too little reward. However, tail spend represents a significant cost for high growth companies. While comprising a relatively small portion of total cost, the drip-drop accumulation of spend with the rest of your software vendors represents a sizable sum. For hyper-growth companies, it’s a challenge to keep up as the company scales, and what was once a small amount of spend outside of the skill of procurement can now amount to millions of dollars.

Garnter surveyed 3000 CIOs last year to find that growth was their No.1 priority for 2018, explaining that use of digitized products and services is expected to drive new forms of revenue, business value and engagement of customers and citizens. But the biggest challenge for those CIOs was how to grow it to deliver economies of scope and scale.

Or put another way: how can we continue to use more technology to power our business, while not paralyzing our teams? 

More SaaS = More Time

With the influx of software into the organization, IT teams are facing more complexity in their day-to-day responsibilities. IT vendor governance is increasingly becoming more complex as more services and vendors are added to the software stack. Stakeholders are spending more and more time trying to get their 3rd party SaaS contracts in front of the legal and security teams. IT Directors are spending a good chunk of their day figuring out what software products are renewing, and when.

So what does this mean? The IT department is now required to take on additional work to manage the software stack, which takes them away from their core responsibilities. And, a big portion of these new responsibilities include working directly with the dozens (or, hundreds) of software vendors. Many of today’s internal vendor management functions have not been designed or equipped to handle this sort of change or complexity.

CIOs are beginning to innovate.

In any improvement to the bottom line, it is first critical to realize the scale of the problem. A full review of vendors provides insight into your stack and total spend. Spend management tools, such as Intello.io, Cleanshelf or Zylo enable organizations to gain full visibility, and can reveal hidden and wasted tail spend. Companies can conduct this review and then search for underutilized tools, compliance issues, and spot duplicates. While this helps IT teams better organize the software stack, it doesn't solve the challenge of vendor engagement. Remember, every software product in the stack comes with a relationship. Vendors expect to receive time and attention from IT. When operating at scale, this leads to countless hours spent on the phone with software salespeople. 

The collective tail spend is glaring, and now CIOs are challenged to build relationships with the 80%. CIO’s at high-growth companies are now strengthening these relationships by outsourcing the software tail spend management (Vendr's services were built to do just that). By working with a 3rd party partner to manage the buying process, this frees up internal resources to do what they do best, and be removed from a task that’s not worth their time, or too irregular for them to gain expertise or efficiency.  

Your time is too valuable for software buying.

The average time spent on a contract renewal is 5 hours. If you have 100 products in your stack, 500 hours of your calendar will be allocated to software salespeople. Most companies don't realize that outsourcing SaaS vendor relationships can provide material savings. First, outsourcing this function will give your IT team a significant portion of time back in their day. Secondly, by having an extra set of eyes on the vendor relationship amongst your tail spend, cost efficiencies will emerge. Outsourcing vendor management to a third party is also more likely to drive the process standardization and consistency required to enable the transparency essential to effective governance. Any single contract for IT or business process services is followed by a wide range of recurring commitments, deliverables, and obligations. By simply harnessing economies of scale, vendor management experts can streamline and improve these processes.

Giving away control is difficult. But, the results are worth it. Leveraging buying experts will not only pay for itself--it gives the IT department much needed time back in the day. 

Look to the future

The IT department is gaining more strategic importance within organizations. With that, the expectations from this function are also increasing. To keep up the the growing responsibilities, it is time to figure out what can be delegated. The common place to start is software buying and renewal management. To gauge if your company is ready for this, here are a few questions to self-qualify: 

  • Is my business spending 1mm+ on tail spend on 100+ SaaS products?  
  • Am I operating in a hyper-growth environment with many different stakeholders involved in managing renewals and new purchases?
  • Are our software costs growing linearly with our headcount growth? 
  • Do you feel your time, or your team's time, could be better spent?

If your answer to these questions is ‘yes’, then it may be appropriate to work with a professional software buyer.

Your relationships are your competitive advantage.

We all agree that relationships matter. And within your IT stack, it is critical to constantly find opportunities to improve your partnerships. Intuitively, in-house vendor management has certain merits, as it can enable consistent oversight to multiple agreements. Increasingly, however, mature and hyper-growth enterprises are engaging third-party specialists to manage the day-to-day oversight of transactional activity and collection of operational data related to vendor management. By outsourcing the management of their suppliers, companies are able to reduce costs, improve service delivery, and focus their internal resources on developing richer relationships and strategic value--making those relationships richer.

Vendr provides software buying and renewal management services to companies with 250+ employees.

Danielle Aihini

SaaS Trends

Add these ten BIPOC-led companies to your SaaS stack

In the last decade, SaaS has changed almost every aspect of daily life. Whether you’re landing a new client or grabbing a ride home, chances are, it’s made possible with SaaS. Subscription-based software remains the largest market segment, forecasted to grow to $117.7 billion in 2021, according to Gartner.

But there’s a problem: founder-led diversity remains a challenge for SaaS. While the industry is growing rapidly, investment in BIPOC-owned startups isn’t. Crunchbase recently reported that Black and Latinx founders only received roughly 2.6% of VC investments in 2020. 

That’s why we wanted to highlight and celebrate BIPOC-led SaaS companies that we admire and ask for your help in amplifying more.

Compiled using Crunchbase's Diversity Spotlight which highlights diversity represented in an organization, this list features ten of the top companies with BIPOC leaders changing every corner of our evolving world, as well as a few trending SaaS tools our customers love here at Vendr.

Want to nominate a BIPOC-owned SaaS company?
Fill out this form and we'll add them to the list.

1. Calendly

Trending in Vendr

Calendly, the popular automated scheduling tool, reached unicorn status on the premise that it shouldn't be hard to get in touch. Developed by Nigerian founder Tope Awotona, Calendly provides simple, elegant scheduling for business. Its pricing model is accessible – scaling from free accounts to just $12/month for team options. Its price and usability propelled the company to $30m in annual revenue. 

Calendly has garnered over $350m in funding from lead investors OpenView and Atlanta Ventures.

2. Drift

Trending in Vendr

If you've been on the internet lately, you've probably met a Drift bot somewhere (I've met four while researching this article.) These friendly pop-ups offer to show you around or answer questions.

David Cancel and Elias Torres founded Drift on the idea that conversation drives performance. The conversational marketing platform has become a fixture on B2B and B2C websites.

The ubiquitous helper has aided the company in raising over $60m in annual revenue and $107m in funding. Sequoia Capital, General Catalyst, and CRV partnered as lead investors in the raise.

Drift has been a strong advocate for Latinx representatives in tech and continues to win awards as a leader in diverse and equal opportunity in the tech industry, including 2021 Best Paying Companies in Boston, Best Company for Women, and more.

Related: Five LGBTQ+ founded SaaS companies to support in June and beyond

3. Outreach

Trending in Vendr

"Let's keep in touch." In sales, it's not a platitude, it's the prime indicator of success.

Founder Manny Medina developed Outreach to help sales professionals "keep in touch" better. The platform gives reps visibility and actionable next steps. Improved data access can accelerate deals and keep pipelines full. Integration brings data into focus, making it easier to track touches and reach your prospects wherever they are.

Though not first or largest, Outreach's success has pulled in $289m from names like Trinity Ventures, Spark Capital, and others. It earns $70m in annual revenue and reached the coveted $1B valuation mark.

4. MURAL

Trending in Vendr

When the world went remote, Mural was ready to help. This virtual workspace collaboration tool helped teams keep moving forward, even from home. Agustin Soler, Mariano Suarez-Battan, and Patricio Jutard created Mural to "inspire and connect imagination workers globally." It gave marketing teams, visual storytellers, and others the power to perform remotely.

Mural couldn't have come at a better time. The company earned $60m in 2020, showing the value of connectivity when people needed it most.

Intel Capital, Insight Partners, Gradient Ventures, Alta Ventures, and Radian Capital serve as lead investors for Mural's $142m in funding.

5. Forethought

Have a customer service issue? Don't worry, Agatha will get you sorted out.

Forethought founder Deon Nicholas created the AI-powered agent, Agatha, as a support for CS teams. She's attracted logos such as Thumbtack, Carta, and Instacart. She not only answers simple questions, but can triage more complex issues, and guide users to the right info. 

Though Forethought isn't yet a revenue powerhouse ($6.5m annually) the company has gained a following. VCs including NEA and K9 Ventures have invested $27m in Agatha's advanced technology.

6. Gro Intelligence

Africa is a recognized, emerging investment opportunity. The emerging tech scene in African nations gets a lot of buzz. Less buzz? Agriculture.

This caught the attention of Gro Intelligence's Nemo Semret, Sara Menker, and Sewit Ahderom. Africa is "home to half the world's unused arable land," according to Fast Company. The big obstacle to growth? Enough data.

The team began compiling food and agricultural data, making it searchable with natural language. This gives investors and policymakers tools to build opportunities and change fortunes.

Intel Capital, TPG Growth, and others have invested over $115m in the company. The database is currently focused on African development. However, the team sees opportunities to advance into other underserved areas of the world.

7. Pipefy

Code might make the world go 'round these days, but that doesn't mean you have to spend all day writing it. Pipefy aims to improve business workflows through a no-code solution.

Founder Alessio Alionco, Kelvin Stinghen, and Leandro Johann built Pipefy to get customers, vendors, and partners on the same page. The repeatable workflows work end-to-end with fully integrated systems. Pipefy’s streamlining solution brings in $60m in yearly revenue.

Big names like Insight Partners, Trinity Ventures, and OpenView see their potential, backing Pipefy with $63m in funding.

8. Bambee

When Allan Jones created Bambee, he believed that "HR policy shouldn't be left to Google." The HR as a Service company provides guidance, audit support, and compliance for SMB companies ranging from one to 99 employees. This fractional HR approach provides access to much-needed guidance, without hiring dedicated staff.

The program goes beyond an app, giving Bambee users access to email and chat support from an HR manager who knows their industry. It can support guide users through sticky situations (such as terminations), mitigating the risk associated with these common business decisions.

Bambee is pulling in healthy revenue for its novel services, just under $15m yearly. In addition, it's garnered $33m funding from QED Investors, Alpha Edison, and others.

9. Gig Wage

One in three Americans, 59 million in all, take part in the gig economy. With so many people earning a living from gig work, getting them paid becomes a full-time industry. Payers need scalable solutions that meet their needs. Workers need timely payment and banking options that reflect their unique needs.

So, Craig Jamal Lewis created Gig Wage, a fintech platform that makes it easy to pay contingent workers and contractors. He saw the need for a scalable solution to address the "future of work" by "hybridizing" payroll, payments, and banking.

This future-focused company attracted $13m from Revolution, Western Union, Green Dot, and the Foundry Group.

10. DataGrail

HR isn't the only compliance issue that keeps SMB owners up at night. Maintaining customer and client privacy is a top priority. It can be complex and expensive.

Ignacio Zendejas created DataGrail to give companies control in their privacy programs. They wanted clients to feel confident ensuring customer data security and transparency. With data privacy changing with GDPR and other laws, keeping data safe is a high-priority goal for most companies. What's more, the increase in data theft and leaks makes every consumer more aware of the stakes. The company is off to a healthy start with nearly $6m in yearly revenue to date.

The concept caught the attention of lead investors Felicis Ventures and Cloud Apps Capital Partners, who led $39m of funding.

Belynda Cianci

SaaS Trends

May 2021: SaaS companies hiring for procurement jobs

At Vendr, we're committed to helping finance and procurement folks thrive in their roles. As a result, we started this monthly series to publish the latest procurement job postings at leading SaaS companies to make the job search easier. Check out this month's list of open finance roles here.

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As the world opens back up and companies focus on growth, the demand for procurement professionals will continue. With the world moving toward remote and hybrid work, procurement needs and priorities will continue to change as we head through 2021. That growth (fueled by a lot of SaaS buying activity) means plenty of opportunities for procurement pros. 

We went to LinkedIn to find data on hiring for new roles in sourcing, procurement, and supply chain management. We're excited to find several roles featuring great opportunities for growth and challenge. Eager to attract top talent, these roles feature benefits and perks to make a move even more rewarding.

1. Canva

Vendr customer

Design platform Canva is searching for a Strategic Sourcing Lead in its Sydney, Australia office. This role within the newly-formed Procurement department is looking for an experienced negotiator with strong quantitative skills to help lead sourcing efforts for this fast-paced, multinational company.

They’re looking for a candidate with 3+ years managing people, and ready to “be a force for good” in the company mission of democratizing design. They will demonstrate strong qualitative skills, excellent negotiation and communication skills, and a passion for strategic sourcing.

The goal of this role is to build and lead the global strategic sourcing function across people, strategy, and execution. Want to “drive change in the company as a trusted advisor for supplier management, negotiations, and supplier business reviews”? This role could be for you.

2. Iterable

Vendr customer

Passionate about procurement, enterprise, and the customer journey? Lucky for you, the marketing platform company is hiring for a Procurement Manager

Reporting to the Director of Finance, you'll be responsible for developing outstanding procurement and PO processes from the ground up. Your strategy and processes will ensure leaders are equipped with the knowledge to complete purchasing needs and secure the best possible terms for the company. "This is a high visibility role that directly impacts Iterable's cash flow and profitability."

Recognized as one of the best places to work multiple years in a row, a Colorado best paying company, and a top 20 company among the SaaS 100, culture is at the core of Iterable's mission. 

3. Nutanix

Vendr customer

Chances are you've been dealt the cards of legacy IT and traditional processes at some point in your career. Nutanix is on a mission to modernize the data center by ditching legacy tools and embracing the power of cloud. If that resonates with you, they're hiring for a Global Strategic Sourcing Manager "who wants to make their mark on a growing indirect procurement organization."

The ideal candidate will develop robust global sourcing strategies, provide supplier management support, and collaborate to conduct RFI's and RFPs to ensure a competitive environment is maintained.

As a procurement leader, this position will perform benchmarking and market intelligence activities, sourcing plans/pipeline looking ahead 12 to 24 months, and more.

Eight to 15 years’ experience in procurement or purchasing and/or data privacy experience is a plus.

4. Crowdstrike

If you're interested in data security and breach prevention, Crowdstrike is currently hiring. In the Procurement Category Manager - Technology role, the ideal candidate will serve as the expert and source of truth for vetting and engaging suppliers. They will lead negotiations on procurement agreements, control costs through well-researched market intelligence, and manage people, contracts, and suppliers to support the mission of protecting clients.

The ideal candidate will have 5+ years in category management and a bachelor’s degree or better (MBA preferred). A Certified Purchasing Manager is highly desirable in this position, as is a passion for information security. “We don’t have a mission statement. We are on a mission to protect our customers from breaches. You must be genuinely committed to our mission and eager to learn the details of our business”

5. Gusto

If you’re looking to step into procurement and have a passion for  small business, Gusto is in search of a Procurement Lead. The successful candidate will help support the company in providing health insurance, 401(k)s, expert HR, and team management tools for small businesses. Their mission is to “create a world where work empowers a better life.”

This role will focus on assessing and monitoring the functions of the procurement team, including assessing supplier proposals, understanding the performance through the supplier life-cycle, and formalizing the company’s first purchasing policy. The right candidate will also help automate and streamline procurement procedures and activities.

The company seeks a candidate with four or more years experience in procurement, corporate purchasing, or related roles. The right person will show a strong attention to detail, experience with advanced Excel features, effective communication, and experience with procurement systems implementations. For the ideal candidate, Gusto offers comprehensive benefits including generous salary with location COL considerations.

6. LogMeIn

With the new world of remote work, being able to safely access your files, data, and workspaces is more important than ever. LogMeIn provides clients in security-focused industries like healthcare and finance with the tools to work from anywhere safely. Currently, LogMeIn is searching for a Senior Strategic Sourcing Lead (Technology) to help support their mission of simplifying connection.

The right candidate will understand corporate objectives and strategy, and work across departments to surface needs and execute on procurement plans. They will have advanced negotiating skills and deep knowledge in the IT sector, including 3-7 years of experience sourcing in SaaS, Software licensing, cloud-based services, colocation, hardware, network infrastructure, and VARs. They will hold a Bachelor’s or equivalent, with a MBA CPSM, or CPM certification preferred.

LogMeIn has a wide variety of benefits including fully remote work with hybrid opportunities and many unique perks for the right candidate.

7. Salesforce

If you’re interested in working for Procurement for one of the largest SaaS companies in the world, Salesforce is looking for a Senior Analyst, Global Procurement & Sourcing. As the number one CRM in the world, you will help clients across the globe connect with their prospects, customers, and clients in every way that matters.

For this role, the ideal candidate will be comfortable working with very large datasets, using a suite of tools to manipulate and visualize the data. You will also interface with the executive team and other stakeholders, and take a hand in continually improving and aligning reporting and analysis.

The right candidate will have a bachelor’s degree in a quantitative field like Finance, Stats, CS, or Economics. You will have five or more years working in business analytics, with a strong knowledge of Tableau and/or Alteryx, as well as Excel, GSuite, and SQL. A love of learning new platforms and systems is desirable.

8. Square

Those interested in working for one of the biggest names in finance will be interested in this procurement opportunity with processor powerhouse Square. Square is searching for a Strategic Sourcing Director. The role is focused on both the company sourcing and procurement initiatives, and also on “driving efficiency through process and system optimization.” The role specifically seeks a hands-on leader with strong collaboration skills, and a cost-savings mindset to procurement.

The ideal candidate will have 10 or more years of experience in sourcing and procurement, with a high-growth tech environment being preferable. Strong management and negotiation skills are a must, and a nimble, self-directed approach.

The company seeks candidates with a Bachelor’s degree from a top-tier university, focused in procurement, supply chain management, business administration, finance, or a related field. An MBA or other advanced technical degree is preferred. Beyond standard benefits, the company offers an Employee Stock Purchase Program (ESPP), Wellness perks, parental leave, and learning/development opportunities.

9. Workiva

For those with an interest in facilities procurement, Workiva is in search of a Strategic Sourcing Lead - Facilities/Property Management. This SaaS company provides a cloud-based, connected reporting compliance platform that’s dedicated to allowing teams to “work better in the cloud.”

The ideal candidate will have global reach within the organization, ensuring the best terms and outcomes for the facilities and property management functions of the organization. You will negotiate optimal cost with vendors, drive strategic sourcing activities, analyze and evaluate spend and opportunity metrics, and support various internal teams toward short and long-term goals.

The right candidate will have three or more years of experience in procurement with experience in high risk contracts. They will be a dependable worker with a relationship-building approach and sound negotiation skills. While this position requires some travel, in return you’ll enjoy generous base salary and bonus potential, an  inclusive work environment, and opportunities for work-life balance.

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