About this Article
Contract Analysis helps you determine if you are getting a good price and offers recommendations and levers to get the lowest price possible. This article covers how to use Contract Analysis, including submitting an analysis and understanding the results.
Overview
With Contract Analysis, you will:
View all historical analyses or submit a new one.
When submitting a new one, upload your quote and/or contract. If you don't have an official quote, you can upload a screenshot of an email or presentation so long as the SKUs and line items are clearly marked.
Click "analyze my contract" and receive a report within 48 hours.
Accessing Contract Analysis
To get started, log in and navigate to the "Contract Analysis" tab under "Intelligence" in your Vendr portal.
Historical Contract Analyses: View past submissions (if you have any).
New Submission: If you haven't submitted , you can start by selecting a supplier.
Submitting an Analysis
Choose Supplier: Select from the dropdown list
*We support over 500 suppliers. If your supplier isn't listed, contact us conduct a price check via SaaS Advisory.
Select New Purchase or Renewal
Upload Documents:
For new purchases, upload your quote.
For renewals, upload your existing contract and the new quote to determine the renewal scope.
Answer Questions: Indicate if you are evaluating competitors and provide any additional information about your purchase.
Submit: Click "Analyze my contract" to submit your request.
Processing and Results
Once submitted, the process includes:
In Progress: The analysis will be marked as in progress.
Review: It may take up to 48 hours for a SaaS consultant to craft your analysis report. This only includes business days.
Your consultant may reach out to you if more information is needed to create an analysis
Completion: You will receive an email once your analysis is complete with a link to the report. You can also access all completed analyses in the "Contract Analysis" section of Vendr.
Viewing Your Report
When your report is ready:
Access Report: Navigate to the Contract Analysis section and find your report under "Ready to Review."
Rate and Feedback: Rate the usefulness of the analytics, provide feedback, and book a call if you need further assistance.
Status: Once reviewed, the status will change to completed.
Continuous Support
Contact us anytime for further assistance.