DLA Piper Key Business Terms (KBTs)
The KBT tool in Ascendant is aimed at accelerating transactional projects by streamlining the bid process. The tool consists of an online platform offering bid management functionality allowing us to run the legal elements of a bid process faster, better and cheaper for our clients. It provides centralised management and visibility of progress throughout the bid phases of a project, as well as enabling us to collect invaluable market intelligence of trends across projects.
The Key Business Terms tool key feature of Ascendant 2.0, which requires bidders to complete a response to the key business terms of a deal online. This allows for high level tracking of issues that are open, closed or in progress. It is also possible to zoom in on details and view a side-by-side colour coded comparison of responses from all active bidders.
Auditable trail of negotiations
The tool has a function to track mark-up of non-agreed terms and additional comments over the course of negotiating key business terms, with a full view of historical comments available. This provides an important auditable trail of what was has been agreed with various bidders, should it be needed later down the line.
The tool allows for simple, fast and user-friendly reporting, integrated with DLA Piper's Contract Dashboard and Status Snapshot tools.
What users are saying
“Our KBT tool has streamlined the bid process for countless clients by providing standardisation, auditability and efficiency to their transactions. This enables us to deliver services to our clients faster, better and cheaper than ever before.”
Imran Syed, Tech and Sourcing Partner, DLA Piper
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