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Description

Procurement serves as the main avenue through which organizations engage with their external business counterparts. As both supplier and buyer networks continue to grow in complexity, the technology employed to navigate these networks often relies on outdated applications and processes. While procurement teams excel in negotiating contracts, they frequently face challenges when it comes to their implementation. Traditionally, the functions of legal, procurement, supply chain, and finance have operated in a fragmented manner, optimizing their own internal processes without cohesive integration, which is further complicated by conventional ERP systems that cannot efficiently manage business rules and volume discounts across various divisions, subsidiaries, and partners. This increasing complexity in contract execution requirements leads to significant contract leakage for large organizations, creating a disparity between the savings that are negotiated and those that are ultimately realized. Consequently, organizations must reevaluate their procurement strategies to close this gap and enhance efficiency.

Description

Enterprise blockchain is a private blockchain that can be used to create and automate peer-to-peer business networks. Enterprises can benefit from the increased security, performance, trust, and transparency it offers in the business value chain. GumboNet™, a private, permissioned Blockchain-as-a-Service solution, offers every benefit and feature an enterprise requires to enable seamless B2B transactions and foster true digital transformation. Our Blockchain as a service provides enterprises with a complete solution to private blockchain. This reduces the complexity of traditional blockchain deployment. To create the best BaaS solution, we combine our network infrastructure, private Blockchain, smart contracts, marketplace, business network, and other services.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

Integrations

No details available.

Integrations

No details available.

Pricing Details

No price information available.
Free Trial
Free Version

Pricing Details

.333% per transaction
Free Trial
Free Version

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Vendor Details

Company Name

EY

Country

United Kingdom

Website

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

Vendor Details

Company Name

DATA GUMBO

Founded

2016

Country

United States

Website

www.datagumbo.com/platform

Product Features

Alternatives

Alternatives

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