Determine » Contract Management
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Determine » Contract Management
4y ago
Contract Lifecycle Management (CLM) technology helps companies achieve distributed but agile contract governance, and provides the information required by senior management to make optimal decisions based on complex scenarios. A CLM solution that includes the above discovery capabilities can make it easier to locate contracts, create a searchable rendition or index, and access an automatically-created abstract containing contractual metadata such as clauses governing law, jurisdiction, indemnity, etc.
So, when using CLM’s discovery capabilities, you, as a user, will generally be expected to f ..read more
Determine » Contract Management
4y ago
The post Why CFOs Can’t Afford to Ignore Spend Analysis | Thank You appeared first on Determine, Inc ..read more
Determine » Contract Management
4y ago
Research shows that without digital technologies, our ability to handle contracting processes has been diminishing in recent years. Today, many CM experts see contracts as the primary cause of disputes, but the growing complexity of the contracting process creates a larger problem with information management in general. So, how can digital technology help us untangle this dilemma?
Effective leadership teams are well aware of their long-standing responsibility to efficiently handle information management, process compliance, document retention, disaster recovery, and business continuity. Howev ..read more
Determine » Contract Management
4y ago
The post How procurement team boosts customer satisfaction at Boulanger group appeared first on Determine, Inc ..read more
Determine » Contract Management
4y ago
Considering the challenges facing modern business, CLM continues to increase in importance across the wider enterprise.
Contract management technology may very well be the unsung hero of the procurement technology landscape. It has been steadily improving for two decades, from straight document storage, to metadata and redlining, to today’s full enterprise contract lifecycle management (CLM) solutions. Let’s see what’s ahead for CLM.
Because the internal user group for CLM is far more limited than user groups for eProcurement or supplier management, it has been less of a flashpoint from proc ..read more
Determine » Contract Management
4y ago
The post IACCM Webinar: How to Quarantine Your 3rd-Party Risk appeared first on Determine, Inc ..read more
Determine » Contract Management
4y ago
The challenges and solutions of effective TPRM.
Organizations today and in the future will have to gain more visibility into their supplier information. Data is coming from everywhere – spend, supplier contracts, and other third-party information – and it can overwhelm procurement departments. Part of building a third party risk management strategy (TPRM) includes gaining visibility into where the risk is coming from, and building a strategy to help mitigate it.
This is easier said than done, however, and we will outline some of the challenges that procurement departments are facing when it ..read more
Determine » Contract Management
4y ago
Growing fast is not the time to outgrow your contracts.
Most of the time when I read an article, blog, newsletter or what-have-you on the subject of fast-growing companies — entrepreneurial or otherwise — the lists of challenges and issues they face and what to focus on are all generally the same: Cash flow, HR, communication, management vision, etc. Very rarely, if ever, does one of those lists mention contracts or CLM. Now that’s an issue.
Find a CLM that’s as agile as your organization.
Companies become high-growth for any number of reasons — an innovative new product, scoring a big custom ..read more
Determine » Contract Management
4y ago
How can Agile Contract Governance challenges be more effectively addressed?
In Part 1 of this 2-part blog, we outlined the challenges faced by different stakeholders across the contract spectrum, setting up the need for a holistic approach to data and information management as a prerequisite for agile contract governance. The blog ended with an overview of existing solutions — and their drawbacks. What follows is a look at how leveraging a truly agile CLM solution can result in wide-ranging and lasting business impacts.
Contract Nirvana
What stakeholders are really looking for is a contract ..read more
Determine » Contract Management
4y ago
The post Forrester Webinar: How To Maximize Value From S2C Solutions appeared first on Determine, Inc ..read more