Vendor Governance Assessment
Find out where your vendor governance really stands
Answer ten questions to see how much leverage, control and efficiency you are leaving on the table and where CCM with Synq can close the gaps.
1
How centralized is your visibility into vendor contracts, spend, terms and renewal timelines?
Benchmark signal
Across CCM evaluations about seventy two percent of organizations operate with large level of fragmentation and lose an estimated ten to fifteen percent of negotiation leverage each year.
2
Is your vendor spend data connected to the general ledger in a way that allows consistent vendor level reporting?
Benchmark signal
Fewer than one in three organizations have reliable connected vendor level visibility from their GL which limits the ability to act on trends, overage and cross vendor opportunities.
3
Do stakeholders receive early renewal alerts with enough time to plan negotiation strategy rather than react?
Benchmark signal
About sixty four percent of firms report that renewal notice comes too late to change scope, pricing or vendor mix which directly reduces leverage.
4
Do you use artificial intelligence to extract contract metadata, analyze terms and surface risks or savings opportunities?
Benchmark signal
Less than a quarter of organizations actively use AI for procurement but those that do typically move from manual review to two to three times faster preparation and better leverage in vendor discussions.
5
How much internal capacity do you have to run sourcing events, review contracts, analyze vendor spend and manage renewals?
Benchmark signal
Around seventy two percent of mid market organizations report that they do not have enough internal bandwidth to run structured vendor governance across all categories.
6
Is your procurement process mostly proactive and governed or mostly reactive and driven by urgent requests?
Benchmark signal
Reactive procurement typically increases internal time cost by twenty to thirty percent and erodes the margin gains that negotiations should be protecting.
7
How standardized are your vendor onboarding, review and approval workflows?
Benchmark signal
Most companies in the two hundred to one thousand employee range have fragmented onboarding and approvals which increases cycle time, risk and internal friction.
8
How often do vendor contracts auto renew without a structured review or negotiation?
Benchmark signal
Auto-renewals are a significant driver of overspend in organizations that lack a vendor governance layer. This is particularly critical given that B2B SaaS contracts typically have auto‑renewal rates exceeding 80%.
9
Are department leaders equipped to negotiate renewals without benchmarks or commercial expertise?
Benchmark signal
Without external commercial expertise and benchmarks, organizations typically overpay on key renewals across IT, SaaS, research and facilities categories.
10
Do you have visibility into vendor overlap, redundant tools or duplicate spend across departments?
Benchmark signal
IT and finance leaders often find that a meaningful portion of tools become redundant within eighteen months when vendor sprawl is not actively governed.
Governance maturity score
0%
0%
Governance maturity:
0%
of target state.
Visibility and data
Renewal governance
AI readiness
Process and capacity
Commercial leverage
Estimated value unlocked
This is a directional view of the value organizations like yours typically recover by moving to a governed, Synq powered model.
Pending band.
First 90-days
- Establish a single source of truth. Connect GL to your contracts to expose actual value of renewals, overlap, and highlight priorities in one place.
- Stand up automated intake, approval and renewal workflows so vendor work stops being a fire drill.
- Apply early AI-assisted analysis to accelerate contract review, identify patterns, and flag upcoming risk.
- Pair technology insights with expert-led benchmarking and negotiation guidance to ensure actions taken are commercially sound and defensible.
Recommendation will appear here after you complete the diagnostic.
