Track usage per company, custom time period, or contract
Deferred Revenue
Track payments received for products that haven't be delivered yet
Revenue Accrual
Recognition rules to accrue revenue on a daily or monthly basis
Management (3)
Approval
Use criteria to add or remove suppliers to/from approved lists.
Communication
Manage communications with suppliers on multiple channels such as phone or email.
Documents
Capture and maintain documents related to suppliers and their products or services.
Performance (3)
Evaluation
Allows users to evaluate supplier performance using standard and custom KPIs.
Selection
Provide features to compare suppliers and choose the best option for various activities.
Risk Management
Identify potential issues and how they may impact relationships with suppliers.
Supplier Information (3)
Profiles
Create and manage supplier profiles that include contact and pricing information.
Qualifications
Identify the services and products provided by suppliers, as well as certifications.
History
Track history of all interactions and business transactions with suppliers.
Supplier Marketplace (3)
Library
Provides a centralized library containing product data.
Categorization
Enables users to assign custom categories to products.
Data Management
As reported in 10 Axya reviews.
Creates and manages product catalogs.
Contract Management (3)
Compliance
Based on 10 Axya reviews.
Assists with maintaining compliance with controlled processes, automated tracking, and audit trails.
Revenue
Identifies revenue opportunities by providing better visibility into spend data, improving supplier relationships, streamlining procurement processes, and identifying cost savings opportunities
Negotiations
Based on 11 Axya reviews.
Provides organizations with the tools and data they need to negotiate contracts more effectively, such as data analysis, collaboration, and contract management.
Data Collection (3)
Spend
Increases spend visibility into pricing and unintended or excessive use of discounts or promotions by customers.
Compliance Reports
Identifies noncompliant spending, fraud, and other activity outside of company policy.
Savings
Analyzes spending patterns and identifies areas to reduce costs.
Project Management (3)
Dashboard
11 reviewers of Axya have provided feedback on this feature.
Provides a dashboard for searching and reporting on contracts and projects.
Repository
Manages contracts in a single, online central repository.
Lifecycle
Manages the entire contract lifecycle process by providing visibility into projects and allocating resources across sourcing initiatives.
Agentic AI - Vendor Management (1)
Decision Making
Makes informed choices based on available data and objectives
Agentic AI - Strategic Sourcing (3)
Multi-step Planning
Ability to break down and plan multi-step processes
Cross-system Integration
Works across multiple software systems or databases
Adaptive Learning
Improves performance based on feedback and experience
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