Challenge & Solution
The Challenge
Akind’s vendor management process was divided between platforms: quality assessments were handled in one tool, while contracts were managed elsewhere. This separation led to:
- Manual data re-entry, leading to inconsistent record-keeping.
- Disjointed workflows, with limited visibility across platforms and teams.
- Risk of user error, such as inconsistent input or lost data.
- Longer decision cycles, resulting in slower vendor onboarding.
- No central system, making it complicated to track contract performance or updates post-approval.
Akind needed a unified solution that could manage everything — from the first vendor intake form to post-signature contract tracking — without disrupting compliance or governance standards.
The Solution
Modylar delivered an integrated Supplier Assessment and Contract Lifecycle Management (CLM) platform, enabling Akind to manage the entire vendor journey in one seamless system.
- Streamlined Vendor Assessment
Custom or predetermined intake forms (eg. CSR and regualtory compliance) allowing teams to perform internal and external assessments of vendors and capture structured, auditable data. - Decision-Driven Workflows
Whether a vendor is approved or rejected, the process flows naturally — eliminating redundant steps and manual handoffs. - Integrated CLM Functionality
For approved vendors, contracts are negotiated, signed, and monitored directly within Modylar — creating a single source of data throughout the lifecycle. - Real-Time Oversight & Compliance
Dashboards provide full visibility into assessments, approval history, and live contract status — reducing risk and enabling faster, more accurate decisions.
Deployment was completed in under ten weeks, with strong adoption across procurement, legal, and compliance teams.
Results
“Modylar gave us one platform to manage everything — assessment, decisions, contracts, and compliance. It has made our vendor process faster, safer, and far more scalable.”
– Laila Östregård, Head of Procurement, AKIND
- Unified System
From assessment to contract execution and monitoring. - Faster evaluations and decisions
Procurement teams efficiency is significantly improved with maintained accuracy. - Reduced manual input
Mitigating risk of error across the workflow. - Ongoing visibility and control
Thus significantly increasing our overall performance.
Key Takeaways
Managing assessments and contracts in disconnected systems lead to inefficiencies, errors, and compliance blind spots. With Modylar, Akind:
- Consolidated fragmented tools into one flexible digital platform.
- Reduced operational overhead leading to shorter cycle times.
- Enabled structured auditable decisions across Supplier Assessment and CLM workflows.
- Obtained real-time full process visibility — from initial contact to post-signature lifecycle obligations.
