Handshake Solutions provides an end-to-end platform for managing supplier agreements, streamlining the process from proposal assessment to execution. The system centralizes agreement data, enabling systematic tracking and performance analysis to build institutional memory. This automation reduces administrative overhead for trading teams, allowing them to focus on strategic negotiation rather than manual data management.
Funding
Funding not disclosed
Founders
Product
Problem
Retail organizations face challenges in efficiently managing supplier agreements, leading to extended execution cycles and missed opportunities for optimization. Ineffective contract oversight can result in financial leakage and a lack of accountability among stakeholders.
Solution
Handshake provides an AI-powered platform designed to streamline retail agreement management. The system centralizes contract storage, offering a single source of truth for all supplier agreements. Its AI copilot assists in understanding complex contract terms, evaluating proposals, and facilitating collaboration between buyers and suppliers. The platform enables detailed performance evaluation and identifies instances of contract leakage by integrating with invoicing systems. This comprehensive approach enhances stakeholder accountability and optimizes supplier relationship management for more efficient contract execution.
Target Audience
The platform targets retail trading teams, buyers, and finance departments responsible for managing supplier contracts and optimizing commercial performance.
Features
- Centralized contract repository for unified storage and visibility of all supplier agreements.
- AI copilot for natural language processing of contract terms, proposal analysis, and collaborative workflows.
- Contract evaluation tools to assess performance against negotiated terms and identify value in new proposals.
- Stakeholder management features for direct sharing of supplier proposals and streamlined approval processes.
- Execution tracking to monitor stakeholder compliance and ensure accountability.
- Real-time contract leakage detection through seamless integration with invoicing and financial systems.
- Compliance review of communications with suppliers to ensure adherence to regulatory standards.
- Management of Key Performance Indicators (KPIs) with live views and P&L impact forecasting.