Blog

Transforming the Foundation of Commerce with Contract Management

Digital transformation has quickly become the enterprise buzz word of the year – and for good reason. The pace of business is accelerating and organizations are facing pressure to increase their speed of operations while improving their ability to respond to changing market dynamics. In short, they face tough decisions...
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Join Us at Workday Rising

Procurement leaders have a lot to consider in the coming year – they are under pressure to deliver savings while reducing risk and accomplish more with less. But, the solution won’t come from applying more resources to the problem. Transforming procurement demands a completely new approach, one that places contract...
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Contract analytics

Seven Valuable Business Insights Hiding in Your Contract Analytics

A contract lifecycle management (CLM) platform must do far more than streamline contract authoring and ensuring compliance. With contract analytics, a CLM platform can leverage data from enterprise systems to give you a holistic view of contract performance. Contract analytics has helped professionals in many industries to assess the value...
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Contract management software

Streamlining Your Sales Operations with Better Contract Management Software

For sales teams, the pressure to meet revenue targets never relents. At the same time, contracts have become more complex. With multiple stakeholders connected by an intricate web of interdependencies, contracts often harbor a great deal of hidden risk. How can an organization meet sales goals without increasing that risk,...
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Contract analytics

Advanced Contract Analytics Are Essential – Here’s Why

As business competition increases, Deloitte’s 2017 Global Chief Procurement Officer Survey notes that procurement “has an invitation to create a strategic advantage for the businesses they serve.” CPOs who participated in the survey overwhelmingly believe analytics will have the greatest impact on procurement over the next two years. Even though...
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Contract risk management

These 4 Risks Are Lurking in Your Contracts

The average Fortune 2000 company has between 20,000 and 40,000 active contracts at any given time. It is understandably difficult to manage that much information using a manual process. Yet failing to effectively manage contract risk can force an organization to forego millions of dollars in revenue, creating unnecessary risks,...
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Procure-to-pay

Get Smarter about Sourcing with Enhanced RFP and RFI Management

Managing supplier relationships, obligations and risks in the source-to-contract and the procure-to-pay processes is a significant challenge for procurement organizations. The source-to-contract process begins with the analysis of required products or services and development of a sourcing strategy to acquire those products or services. RFx creation, supplier selection, proposal or...
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Icertis Compliance

Ensuring Compliance with an Enterprise-wide Contract Management Platform

Today’s enterprises compete in a global marketplace characterized by uncertainty, complex supply chains, and stringent regulatory requirements. In this kind of business environment, compliance can be difficult to achieve on a consistent basis. “The corporate legal landscape is fraught with an increasingly complex regulatory environment, a never-ending balancing act between...
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CIPS Risk Index Reports First Improvements in Six Quarters

The Chartered Institute of Procurement and Supply's (CIPS) Risk Index retreated from its record high in the first quarter of 2017 but potentially disruptive supply chain risks remain. The index saw its first improvement in six quarters, declining from 82.6 to 81.9. "The growth outlook is brightening, headwinds are diminishing,...
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