EY helps clients create long-term value for all stakeholders. Enabled by data and technology, our services and solutions provide trust through assurance and help clients transform, grow and operate.
At EY, our purpose is building a better working world. The insights and services we provide help to create long-term value for clients, people and society, and to build trust in the capital markets.
EY OCM simplifies and automates contract management, reducing inefficiencies and intermediaries.
Reduce value loss
EY OCM enforces contract compliance, preventing financial losses from procurement discrepancies.
Improve transparency and trust
Tamper-proof records are facilitated on a public blockchain so transactions are recorded in a trustworthy manner.
Easy to implement design
EY OpsChain Contract Manager runs through an API that makes it easy to configure and manage smart contract providers. Firms can set up customized user-interfaces that allow them to configure standard pre-built contracting models. Pre-built models include Power Purchasing for renewables and volume discount models for enterprise procurement. Additional models are currently being developed.
Protect confidentiality with privacy-enhanced technology
EY OCM is zero-knowledge-proof enabled, providing enhanced privacy and allowing organizations to configure critical contract terms, transaction details, and other confidential information and ensure it remains shielded, even on public blockchains.
Seamless integration
Standardized API integration facilitates integration with a diverse range of external systems, from ERP and CRM to IoT devices, helping to streamline the flow with EY OCM, determining the gap between contractual obligations and supplier performance.
Real-time monitoring
Automatically validate contract terms with real-time checks, monitor policy adherence, and receive instant alerts on discrepancies, so transactions that are not compliant with the contract terms do not pass through.