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SUCCESS STORY

Avis Budget Group simplifies sourcing processes

TCS helps streamline contract lifecycle management with Oracle Fusion Procurement Cloud

 
Client
Avis Budget Group
Industry
Travel, Transportation, and Hospitality
Services
Enterprise Application Services

Avis Budget Group aims to simplify and streamline contract life cycle management processes

Avis Budget Group (ABG), a global vehicle rental company, wanted to streamline its sourcing work flows to strengthen contract management and reduce procurement costs. The existing processes were fragmented and manual, making contract negotiations lengthy and prone to risk. This often led to inconsistencies in clauses and terms across geographies. Procurement expenses and resource allocation could also be further optimized amid the lack of robust analytics tools to monitor them. 

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TCS simplifies contract life cycle management using cloud-based Oracle applications

.  Oracle Fusion Procurement Cloud Sourcing module  was implemented to streamline the company’s tendering processes, while the Oracle Fusion Procurement Cloud Contract module helped simplify contract life cycle management.

A central repository of contractual clauses and terms was created and contract approvals were automated based on product categories and business areas. The solution eased communication between sourcing teams and increased operational visibility across business units spanning 20 geographies. 

I’m happy to report TCS has managed to keep to the tight deadline

Luke Harrison, IT Procurement Specialist, Avis Budget Group EMEA

Avis Budget Group simplifies contract management and sourcing processes

With the Oracle Procurement Cloud solution, the company was able to significantly shorten contract negotiation time and boost vendor enforcement. Efficient workflows helped reduce sourcing costs and provided greater operational visibility.

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Weeks taken for Oracle module implementation