This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Contract lifecycle management (CLM) providers may be best known for their repositories, clause libraries, obligation management features and authoring. However, risk is a major element of the contract lifecycle. The post How contract management solutions support risk management appeared first on Spend Matters.
This Spend Matters Vendor Analysis provides an overview of Docusign and its enterprise contract lifecycle management (CLM) solution. Throughout 2024, it also built upon its core CLM functionalities (such as contract authoring) to support advanced use cases and more additions are planned in this area. This content is for members only.
This Spend Matters Vendor Analysis provides an overview of ContractSafe and its contract lifecycle management (CLM) solution. ContractSafe focuses on ease of use and attacking common contract management pain points, such as lack of visibility, poor organization and lengthy/expensive implementations. This content is for members only.
Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts → Or receive our famous weekly newsletter Choosing a Contract Management Tool Choosing a contract management tool is crucial for your business as you need to select what suits your company the best. Contract Management: What is it?
The high-tech and telecom sectors face a contract management crisis if the process isn’t managed properly. Continual technological changes necessitate adjustments to manufacturing and supply chain processes, leading to a heavy volume of contracts that outpaces most industries. What can CPOs do to ease the contract management burden?
18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details → Or receive our famous weekly newsletter Contract Auditing — Everything You Should Know Contract auditing allows parties to know their obligations and follow them thoroughly. In this article, we will discuss what contract audit means.
Correct, procurement does not create contracts. The post Checklist for a good Procurement contract first appeared on ABC of Procurement. The legal department does it. But if something goes wrong, we will have to deal with the consequences.
18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details → Or receive our famous weekly newsletter Sustainable Contracts — Embracing Sustainability in Procurement Sustainable contracts allow companies to oblige their suppliers to practice sustainable and ethical practices once they sign them.
This Spend Matters Vendor Analysis provides an overview of Intellyse and its solution for logistics and contract negotiation. Many organizations struggle to find the time and resources needed to thoroughly analyze the contract offers they receive. Contracts often come in various formats, each with its own set of complex stipulations.
The advisory explores how leading companies are: Accelerating supply chain flexibility with “China-Plus-One” and regional diversification strategies Shifting risk through outsourced supply chain financing and operations Embedding tariff contingencies into supplier contracts and cost models Read the report for strategies to protect your supply chain (..)
Over the last few years, the contract management (or contract lifecycle management) solution space has seen some exciting new innovations, after lagging behind other areas in the supply management space… The post Evolution Continues in Contract Management appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN (..)
Still storing contracts in a shared drive or tracking them in a spreadsheet? We know managing contracts manually can feel like a never-ending juggling act--one wrong move, and you risk missing deadlines or compliance issues. The thing is, contracts are the backbone of your business, and keeping them organized shouldn't be this hard.
In today’s fast-paced business environment, the need for agility and accuracy in contract management is more critical than ever. Contracts serve as the foundation for business relationships, outlining the terms, conditions and expectations between parties. This content does not express the views or opinions of Spend Matters.
This post will show you how a contract management solution can help you organize and track your contracts so you can reduce regulatory risk (and maybe get a bit more sleep at night). If you're in the finance world--whether it's banking, lending or investment--you already know compliance is no joke. SOX, Dodd-Frank, FINRA, GLBA, UDAAP.
In response to these challenges, a leading heavy equipment manufacturer selected GEP to redesign its source-to-contract processes and implement a convergent data model to help manage procurement data across its multiple locations.
Establishing effective business contracts is crucial for securing the foundations of any enterprise. These documents serve not only as safeguards but also as frameworks for clear operational guidelines. By mastering…
This Spend Matters Vendor Analysis provides an overview of TechnoMile and its contract lifecycle management (CLM) solution for government contractors. Purpose-built software to address B2G contract challenges is not as common as more general solutions, so TechnoMile seeks to fill the gap. This content is for members only.
Paul Debolt, government contracts practice group co-leader with Venable LLP , predicts how requirements for selling to the federal government will be impacted by the new administration.
This Spend Matters Vendor Analysis provides an overview of IntelAgree and its contract lifecycle management (CLM) solution. IntelAgree focuses on using AI (including generative AI) to address contract management pain points. IntelAgree focuses on using AI (including generative AI) to address contract management pain points.
To learn how exactly autonomous AI agents will transform source-to-contract and procure-to-pay, read this whitepaper now. They integrate reasoning with LLM inputs so that employees can provide directions in natural language and the agents will pull data and interact directly through internal systems and external stakeholders.
Effectively managing contracts for procurement processes has become an important task for companies that want… The post 10 Best Practices for Streamlining Procurement Contract Management first appeared on Procurement Blog | Procurement & Supply Chain News.
Additionally, it can model and marry a variety of data alongside the spend, from contracts to risk. To potential buyers — SpendHQ has over a decade of experience in spend analytics and procurement performance management and brings a breadth of analytics not only in spend but in related areas such as contracts, risk and carbon emissions.
Speaker: Ryan Dillard, Chief of Staff Director at CBIZ ARC Consulting LLC; Kelly Hicks, Global Controller at Airbase
ASC 606 is the revenue recognition standard that sets global accounting principles for all private or public companies that enter sales agreements or contracts with customers. Along with ASC 606, ASC 340-40 was added to address accounting costs to obtain a contact and costs to fulfill a contract.
Contract Lifecycle Management… The post Best of 2024: Magnus Mondays Contract Lifecycle Management: A Different but Critical Procurement Technology appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.
Managing contracts efficiently can be a daunting task without the right tools, leading to missed deadlines, contract expirations, and financial losses. Enables effective management of vendor contracts, including contract creation, monitoring, and renewal. . This is where , comes into play.
Many spend analytics vendors apply that analytical expertise elsewhere, such as contracts, carbon emissions or supplier performance. Spend analytics vendors do what their name implies: they derive insights from spend data. However, that is not all they are capable of doing.
For the third piece of tech, a contract management system, the Legal Department was a strong ally. It has completely changed our end-to-end enterprise contracting process. The team launched many new sourcing opportunities and engaged with stakeholders in different ways resulting in other positive impacts for the company.
Understanding when and how to leverage real-time, spot, contract and dedicated procurement—depending on business needs and the state of the market—will be vital to navigating supply chain volatility.
Consider which projects or contracts require a plan B. In first instance you need to get your procurement house in order to deliver projects on time but once a contract is awarded you can work with stakeholders to track project delivery, whether if these are delivered to the agreed timescales.
The two sides agreed to continue to operate under the current contract until the union can meet with its full Wage Scale Committee, and schedule a ratification vote.
CEVA Logistics, a global leader in third-party logistics, was contracted to help a technology company manage its complex supply chain, supporting B2B, B2C, and reverse flows across multi-leg transport.
Apple supplier Luxshare reportedly win contract to produce iPhones The share price of Luxshare Precision, a Chinese manufacturing company for Apple, has rose more than 3%, after reports of a…
Speaker: Eric Berdinis, Ran Sun, & Chris Chmielewski
If you’re frustrated with the complex and manual processes for obtaining bids for your contract and spot freight, you’re not alone. Procuring freight can be cumbersome, time-consuming, and error-prone. In today’s fast-moving supply chain environment, optimizing these processes is critical to staying competitive and cutting costs.
Contract management ChatGPT can provide assistance to procurement professionals by assisting them in managing their contracts by providing information on the contract terms and conditions. It can also assist you in handling disputes with suppliers and answer your questions about contract renewals.
Both public and private institutions have procurement provisions requiring competitive bidding before awarding contracts to suppliers. Direct procurement happens when an entity invites a sole entity to supply goods and services without being subjected to a competitive process. The first scenario would be […].
Inflationary pressures can cause frustration levels among suppliers due to increased costs or reduced demand from customers, particularly when it comes to repeated orders or fixed pricing contracts. This could include negotiating more favorable terms with suppliers or renegotiating existing contracts to ensure that prices remain competitive.
We organize all of the trending information in your field so you don't have to. Join 69,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content