June 10, 2019
Let's face it: Unless you're a lawyer, contracts can be extremely difficult to understand. And yet contracts need to be understood, as they enshrine business rules, capture risk and reward and define governance for the enterprise. Historically, this challenge has been considered an inevitable part of business, and companies created ...
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May 29, 2019
When Colin Flannery, the worldwide General Counsel of Vertiv, joined me on stage at the 2019 Corporate Legal Operations Consortium (CLOC) Institute in Las Vegas this May, our objective was to share Vertiv's contract management journey: From having unmanaged paper contracts hidden in file cabinets located across several continents, to ...
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May 16, 2019
For legal departments, contracts have long been the forgotten piece of a company’s digital transformation puzzle. An attorney in the department might be asked to enter the contract process for drafting, negotiation and review, and yet have little insight into the company's body of contracts as a whole or how the ...
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April 29, 2019
The first question every business asks when considering a new technology is: What value will it deliver for our enterprise? But if your company is selecting a contract lifecycle management (CLM) solution, the more appropriate question is this: What value do we want the technology to deliver: Do we need ...
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April 22, 2019
In complex business environments, partner, supplier, and customer relationships are critical. Contracts form the foundation of these commercial relationships, yet many companies continue to rely on email for contract collaboration--raising the risk of delays or harmful miscommunication. Enterprises with increasingly complex value chains need a better way. The challenges of ...
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March 25, 2019
In most cases, we at Icertis prefer solutions in the cloud over their manual, paper-based analogs. After all, we are in the business of helping companies realize the full value of their contracts by turning them from static documents into strategic digital assets. But when it comes to measuring a ...
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March 15, 2019
“Brexit” has been all over the news recently. If you aren’t up to speed or you haven’t been following closely, the deadline for Britain to leave the EU was March 29th, though the UK government has recently voted to delay departure. The UK could still “crash out” of the EU, ...
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March 11, 2019
Almost 20 years ago, I attended a presentation by the then-GC of General Electric. He asked the audience a question that has stayed with me. We were all asked to introduce ourselves and explain what business unit of GE we worked for. One by one we spoke about the business ...
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With something as critical contracts, companies need to know they can trust their contract management solution provider.
February 20, 2019
In a previous blog, I noted that the GCs I meet generally fall into three categories of tech adoption: those that have adopted very little technology, those who are in the process of implementing digital solutions, and those who are demanding the next generation of technology like AI and blockchain. ...
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February 6, 2019
I recently joined 400 people from the legal fraternity at the CLOC 2019 London Institute, to take part in a great discussion about the future of the law, lawyers, legal operations and the big role technology is playing in transforming all these. The event reminded me once again what an ...
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January 30, 2019
Think about the last time you rented a car. If your experience was like mine, you did not sign your contract until you got to the counter. There was no question about when exactly you’d need the car (since you’d already landed and knew your precise arrival time!) and you ...
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January 25, 2019
As I meet with customers to discuss modern contract lifecycle management (CLM) technology and emerging fields like artificial intelligence (AI), one comment I often hear from executives at companies with internal IT development resources is: “Can’t we just build it ourselves?” Good question! Icertis’ first customer was Microsoft. Needless to ...
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January 22, 2019
Gartner has released its latest market report for contract lifecycle management (CLM), reporting that contract management has become a core process for enterprises--similar to ERP and CRM. In light of this, Gartner reports companies are abandoning piecemeal, department-by-department approaches to contract management in favor of an enterprise-wide solution that unifies ...
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“CLM solutions are evolving from operational record-keeping systems used for legal auditing purposes into enterprise-level core systems for addressing business risks, costs and the pursuit of revenue maximization.”
January 15, 2019
When Monish and I founded Icertis, we began on a journey to transform the foundation of commerce. We believed that the digitization of contracts would unleash enormous value at enterprises by allowing cloud computing and, later, artificial intelligence, to turn these static documents into strategic business assets. So it is ...
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The Icertis Contract Management (ICM) platform received the highest score possible (5.0) in 17 out of 22 product categories. Read more about Icertis here.
December 1, 2018
This article first appeared in European Pharmaceutical Manufacturer The pharmaceutical industry is undergoing a period of rapid change. Merger and acquisition activity is high, regulations are becoming more stringent, and companies are forced to be evermore focused on cost. Regulation challenges were recently made more complex by the introduction of ...
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Pharmaceutical operations involve relationships with stakeholders, which are usually defined by contracts, especially R&D. Technology & AI are the answers.
November 15, 2018
Ensuring contracts perform to their full potential requires all parties deliver on their promises. Yet identifying and extracting contract obligations at scale via manual contract management processes can be difficult if not impossible for large enterprises. The repercussions of poor obligation management are not abstract. A McKinsey & Company study ...
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Without a system to properly track contract obligations at scale, large businesses run the risk of damaged customer relationships & poor commercial performance.
October 31, 2018
It was a real pleasure to be able to contribute to the ProcureCon benchmarking report on ‘Driving Procurement Transformation’ this year. The report surveyed 100 Chief Procurement Officers (CPOs) from across Europe to find out more about the challenges they face, and the innovative solutions being brought to the table. ...
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According to the 2018 ProcureCon report, the future of procurement will center on innovative contract management and use of Artificial Intelligence.
October 19, 2018
In my previous blogs, I’ve addressed increasingly advanced applications for contract management software: First, we explored how a General Counsel could have used contract data to lower insurance premiums for their company by being able to search across its entire body of contracts. Next, we looked at a more complex ...
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Learn how contracts can be an ace-in-the-hole for successful legal defense. Icertis explains how general counsel can benefit here!
October 9, 2018
For procurement organizations, “category management” is considered a best practice for sourcing. Simply put, category management is the process by which companies segment all the goods and services they need to procure into discrete categories that reflect the specific common characteristics of the products they’re buying. For example, the procurement ...
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To improve compliance with category strategies, leading enterprises are putting contracts at the center of the process. Learn more about category management.
September 3, 2018
In my previous post, I related a story from a colleague who missed significant costs savings because of his inability to search his contracts, and how a central repository of digital contracts could have solved the problem. Today, I want to build on my last post and discuss how risks ...
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Learn how contract management systems are used to protect companies from financial and reputational damage from contract obligations.
August 24, 2018
Today’s procurement organizations are being asked to move faster than ever to source the materials needed by their companies. It’s a difficult position to be in. Under the current sourcing paradigm, the multi-step process of securing the vendor is time-consuming, and even then can expose a company to risk and ...
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Today’s procurement organizations are being asked to move faster than ever to source the materials needed by their companies. Learn about contract centric sourcing.
August 20, 2018
Managing risk and reducing cost for an enterprise are goals at the forefront of every General Counsel’s mind these days. GCs are playing an increasingly strategic role in the C-suite and need to think proactively about how they can reduce their company’s exposure to reputational, financial, and legal risk while ...
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Managing risk & reducing cost for an enterprise are goals at the forefront of every general counsel’s mind these days. GC plays a strategic role in the C-suite.
August 3, 2018
When trying to get an organization to adopt new technology, managers should expect to encounter users who aren’t naturally technology savvy or are instantly distrustful of new ways to do things. The obvious problem with non-adoption: companies don’t get maximum benefit from new technology since more often than not their ...
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The ICM experience offers all of the best for users: an contextual user experience, an easy & effective platform and personalization options.
July 15, 2018
Preventing reputational and brand damage caused by poor supplier practices should be first on the executive agenda, according to Pierre-Francois Thaler, co-founder and co-CEO of EcoVadis. “Our world is more connected and social than ever. Today’s environment puts a laser focus on not just your own actions, but on the ...
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Let Icertis help you reduce your supply chain risk with better contract management. Contact us to learn about what we can do for you!
June 26, 2018
“We had no idea where our contracts were, what they said, or who had them.” That’s how Ken Baughman, associate general counsel for global manufacturer Vertiv, describes his company’s contract management situation before it adopted Icertis. Sound familiar? Manual contract management often leads to contracts becoming siloed by department or ...
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Most businesses have no idea where there contracts are, who has them, or what they even say. Icertis can help answer these questions. Read on.
June 25, 2018
In today’s fast, competitive business environment, every organization wants their sales team focused on one thing: generating revenue for the company. Sales teams that are slow in responding to opportunities, or that can’t quickly and nimbly respond to customer demands, won’t last long. On the other hand, an enterprise must ...
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How can contract management software help your sales team accelerate business? Read about how Icertis' enterprise solutions can help your business flourish.
June 19, 2018
Change is afoot in the pharmaceutical industry. Merger-and-acquisition activity is high; regulations are becoming ever more stringent; companies are focusing on cost; and outsourcing is rising. And this just scratches the surface. Forward looking pharma leaders are exploring how the digital transformation of their processes can help meet these challenges ...
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Change is afoot in the pharmaceutical industry. Trends pushing this change include: outsourcing, focus on cost, focus on M&A activity, & complicated supply chains.
June 18, 2018
The accelerating pace of business has created many new opportunities for today’s enterprises, and with it new and heightened risks for them to navigate. To help them succeed in such an environment, companies are relying on their general counsel to play an increasingly strategic role in determining a path to ...
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Legal teams are turning to enterprise contract software to manage their contracting processes. Companies must accelerate to keep up with changes. Download our ebook.
June 11, 2018
Is your sales organization spinning up a contract management RFP? When an executive team comes together to pick an enterprise contract management vendor, each will bring a unique set of needs to the table. Here is a roster of who should be involved in the selection process, and what they ...
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When your sales team is developing a contract management RFP, make sure to include the right people. Read about who to involve & download our free eBook!
June 6, 2018
When organizations that deal with complex sell-side contracts decide it’s time to abandon their manual contract management process for something more sophisticated, they have a wide variety of solutions to choose from. Options range from those offered by software suites they already use, to those housed within the CRM or CPQ ...
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When businesses with complex sell-side contracts decide it’s time to abandon their manual contract management process they can choose from CRM, CPQ, & suite systems.
June 3, 2018
Third-party contracts—contracts that are authored by a counterparty rather than in house—are an inevitable part of doing business: Even the largest enterprises will at times enter into contracts that were written outside their own legal department, and for some businesses, they represent a major part of all contracting. Necessary though ...
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The new ICM DiscoverAI app exposes third-party contracts to reveal opportunities to explore and risks to mitigate. Download the datasheet to learn more!
May 29, 2018
Legacy contracts represent a major challenge for every enterprise. They are scattered everywhere–across geographies, across multiple repositories including shared folders and SharePoint, and in many different formats. They are hard (impossible sometimes) to search, and the risks and obligations are buried deep within dense clauses (till they awaken to bite!) ...
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Icertis' new ICM DigitizeAI app can help businesses by bringing legacy contracts to life. Download our datasheet to learn more!
May 21, 2018
At this year’s Build developer conference, Microsoft unveiled major enhancements to its Cognitive Services offerings on Azure, and introduced Cognitive Search, an AI-first approach to content understanding. Icertis, who has been working closely with Microsoft on the latest Azure technologies, was invited to demonstrate how developers can use the tools ...
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Icertis is building the contract management platform of the world using AI to turn static contracts into strategic documents. Watch the full presentation below!
May 4, 2018
Smart contracts are an emerging technology that could conceivably up-end contract management in the very near future. But what are they? First proposed by Nick Szabo in 1994, smart contracts are self-executing documents with the terms of the agreement written directly into lines of code. These contracts render transactions traceable, transparent, verifiable ...
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Smart Contracts are self-executing documents with the terms of the agreement written into lines of code. Learn more about how this will change businesses.
May 1, 2018
For the first time in the history of commerce, contracts are being completely digitized. This development, combined with the rapid evolution of artificial intelligence (AI), has business leaders entirely rethinking the role contracts can play in their enterprise. Contracts touch every facet of a business, including sales, procurement, and human ...
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AI takes contracting capabilities to the next level when used in platforms like the cloud-based ICM. To learn more about Icertis' solutions, contact us today!
April 16, 2018
Is your contract management software difficult to use, unable to provide valuable insights, and underutilized? If so, your organization could be missing out on revenue opportunities and susceptible to non-compliance risk. Consider these features if you're thinking about an upgrade: 1. Personalized Dashboard Contract management software shouldn’t be one-size-fits-all, and ...
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Considering upgrading your contract management process? Learn about important CLM features & read the Icertis Enterprise Contract Management Guide today!
April 9, 2018
As global supply chains become more complex, ensuring that contractual commitments around sustainability and ethical practices are met at each stage of the supply chain has become extremely challenging. Along with this increased supply-chain complexity, the economic and reputational cost of a lapse in compliance is increasing as well. Companies ...
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The Icertis Contract Management platform can help your team increase sales velocity through improved workflow visibility, CRM integration and other provisions.
April 5, 2018
For the first time in the history of commerce, contracts are being completely digitized. This development has major implications for every industry—even professional football. Consider the recent report from ESPN that veteran NFL quarterback Josh McCown signed a new contract with the New York Jets while sitting at a Chick-fil-A ...
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With the digitization of contracts, NFL quarterbacks are now signing $10 million contracts with their smartphone. Crazy, right? This is just the beginning. Read on!
March 23, 2018
The pace of commerce is accelerating, and today’s organizations face ever-growing demands to deliver faster time to revenue—the length of time from when contract negotiation starts to when it begins to generate income for the business. If a business deal takes twice as long to complete because of a suboptimal ...
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Today's organizations are pressured to deliver faster time to revenue. Read an Icertis case study and reserve your live demo seat to hear how ICM can help you!
March 21, 2018
It’s not often that contract clause language makes it into an Oscar speech, but that’s what happened this year when Best Actress winner Frances McDormand used her acceptance to beseech the stars in the audience to demand “inclusion riders” in their contracts. Her comment led many to look up what ...
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In her acceptance speech, Frances McDormand talked contract management with her discussion of "inclusion riders" in entertainment contracts.
March 16, 2018
No two technology asset classes follow the same path through the market. Some quickly ascend to must-have elements for almost every business, with lots of vendors competing for market share; others remain fairly niche solutions throughout their lifecycles. That said, nearly all technologies follow a predicable arc, going from emerging, ...
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Learn how Enterprise Contract Management software is seeing more widespread adoption in the market. with Gartner Inc.'s latest IT Market Clock.
March 7, 2018
In 2017, 45 new Foreign Corrupt Practices Act-related investigations were publicly disclosed, according to a tally just published by FCPA Blog, which monitors enforcement of the U.S. law. If that sounds like a lot, that’s because it is: The investigations made for the most active year for new FCPA-related investigations ...
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Insight into contracts can help prevent Foreign Corrupt Practices Act missteps. To learn how Icertis can help your enterprise control risk, contact us today!
February 28, 2018
Health insurance companies and other healthcare payors like PPOs and HMOs face serious challenges to containing costs for their clients while staying in compliance with government regulations. Better contract management can help payors face these challenges in many important ways, including by improving the process of provider contracting, in which ...
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Better contract management can help payors improve the process of provider contracting. It also helps insurers better manage their provider networks. Read more.
February 28, 2018
Sourcing and procurement departments play a strategic role in controlling spending and managing risks. They must think creatively to increase savings and draw insights from suppliers in an increasingly complex supply chain. Strategic sourcing processes that improve compliance, reduce risk and strengthen supplier collaboration result in increased sourcing performance and ...
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A strategic advantage can benefit any company, learn how contract management software can give sourcing organizations that advantage here!
February 23, 2018
The healthcare and life sciences industry stands at a pivotal moment. Nearly every week, the marketplace is disrupted by news of acquisitions, mergers and emerging players—as in the case of Amazon, Berkshire Hathaway, and J.P. Morgan’s announcement they would be teaming up to form a new healthcare company. At the ...
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Better contract management means more agility to react to industry disruptors, regulatory uncertainty and shifting consumer demand. Learn more here!
February 8, 2018
Today we are very excited to share that Icertis has secured $50 million in Series D funding led by Meritech Capital Partners, with additional investments by PSP Growth and Cross Creek Advisors, some of the top technology investment companies in the world. As a further validation of our strategy, all ...
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Customers & investors alike are seeing value in CLM software like ICM. Icertis is a leader in the field & has secured $50 million in Series D funding.
January 30, 2018
As anyone who has a banking app on their phone can tell you, the digital transformation is well under way in the financial industry. Breakthroughs in financial technology have made it possible for bank customers to deposit a check, apply for loans, and transfer funds with little more than a ...
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Read about coming changes like blockchain tech & smart contracts for contract management in 2018. The ICM platform equips businesses to keep up with innovations.
January 24, 2018
The term “programmable economy” was first coined in 2014 by the research firm Gartner Inc. to describe the radical changes occurring in the global economy due to technological innovations. In 2018, the programmable economy will be powered by disruptive technologies including blockchains, distributed ledgers, and smart contracts. These technologies will ...
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Advancements in blockchain and distributed ledger will only increase the benefits of having an enterprise-wide contract management platform. Click here to read on.
January 22, 2018
Manual contract creation, review, and approval often results in missed commitments, compliance mandates, possible discounts, and other milestones. This puts the business at risk. The contract management process changes for the better when buy-side, sell-side, and corporate contracts and workflows are aligned. Contract lifecycle management (CLM) addresses the critical issues ...
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Manual contract creation can expose your firm to unneeded risk. Icertis' Contract Management platform streamlines contracting to increase efficiency & safety.
January 19, 2018
According to the American Psychological Association, multitasking—when someone tries to perform two or more tasks at the same time or in rapid succession—can diminish a worker's productivity by as much as 40 percent. For business decision makers, this means that enterprise software can’t just be judged on its functionality, but ...
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Icertis Experiences ensures contract management remains centered in an organization’s workflow. Learn how this approach helps boost productivity!
January 10, 2018
The issue of vendor risk assessment by banks has gained more attention in recent years as the U.S. federal government tightens the rules around what a bank must due to ensure critical vendors don’t pose a serious risk to their operations. In 2013, the Office of the Comptroller of the ...
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Icertis contract management platform in the cloud, transforms your contracts into valuable assets. Solution to vendor risk assessment for banks.
January 8, 2018
Contracts are critical business assets. The importance of an effective contract management system cannot be overstated, as poor contract management can quickly undermine even the strongest organization. Spanning three key dimensions of the enterprise, contracts: Govern every dollar that goes in and out of an organization. Given this critical function, ...
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The importance of an effective contract management system is essential. Poor contract management can quickly undermine even the strongest organization. Learn more.
December 20, 2017
Ineffective contract management processes consume valuable time and resources and increase business risk. If contracting is holding back your business performance due to a lack of standardization, controls, or access, you may need rethink your current contract management process. Optimizing contract lifecycle management improves efficiency, visibility, and profitability. It also ...
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Why is contract lifecycle management important? Take our Contract Management Maturity Assessment to learn more about options for your business.
December 11, 2017
According to PricewaterhouseCoopers, the average Fortune 2000 company now holds 20,000-40,000 active contracts. Global supply chains, multi-jurisdictional businesses, and changing regulations have also made contract management more complex. Unfortunately for legal teams, contract management processes have not kept pace with marketplace changes. Manual contract management is still a common practice, ...
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Poor contract management can cause costly problems for your legal team. The Icertis Contract Management platform gives insight & relief from legal team burdens.
December 5, 2017
The financial services industry today faces unprecedented regulatory scrutiny. With the heavy fines and bad PR that come with findings of non-compliance, following strict standards is not simply a goal for banks, but a core requirement. Contracts, which form the foundation of a bank’s relationship with customers, employees, and vendors, ...
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If banks aren't asking these compliance questions, they may be overlooking risks lurking in their contracts. Read these & then complete a demo today!
December 4, 2017
The value of specific contracts vary significantly throughout a company. One contract may not have as much meaning to one person as it does to the next. Regardless, meeting contract obligations and taking advantage of entitlements will ultimately result in increased revenue and decreased expenses for the entire company. Proactively ...
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Visibility & accessibility are vital to effective contract management & compliance tracking. Learn more about contract obligations & entitlements.
November 12, 2017
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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Contracts govern every dollar that comes in and goes out of an enterprise. Icertis' Contract Management platform enables greater control of contract lifecycles.
May 12, 2017
An enterprise organization may have several thousand active contracts at any given time, and each one carries a potential risk of regulatory non-compliance, supply chain disruptions, and public relations disasters. Without a proper system for managing contract obligations and commitments, these risks remain hidden, which can cost the enterprise millions ...
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ICM simplifies contract risk management by serving as a central repository that houses all enterprise contracts & related data. Learn more here.
October 5, 2017
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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Join Icertis at Workday Rising to meet our contract experts & learn how the Icertis platform & its features work. Read more about the learning opportunities.
September 25, 2017
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 analytics has helped professionals in many industries to assess the value of existing contracts & negotiate better ones. Read business insights here.
September 10, 2017
It's every CIO's dream: a rapid and successful digital transformation. Fortunately, it isn't just a dream, but a reality for some companies. Consider the recent examples of auto giant, Daimler AG, and World Wide Technology (WWT). Daimler, the parent company of Mercedes Benz, went live with the Icertis Contract Management ...
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Partnering with the right contract management software provider is the first step to a thriving digital transformation process. Choose the right technology & tools.
September 4, 2017
Capturing the potential value in a third-party contract is an on-going challenge – especially for a global enterprise. Can your contract management system manage a third-party contract as well as the ones native to your organization? A recent study by PwC highlights the impact of not capturing the full value ...
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Capturing value from third-party contracts can be hard for any company. Icertis has developed a powerful platform to simplify contract management issues.
August 21, 2017
Creating, reviewing, and approving a contract can be a slow process. Automating this process helps organizations accelerate negotiations, improve governance, and enable more efficient authoring. But the real benefits of an enterprise contract management platform come after the contract is created. If contracts aren’t carefully tracked across the entire enterprise ...
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The real benefits of an enterprise contract management platform come after the contract is created. Learn more about manual & automated management.
August 15, 2017
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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Streamline your sales operations with better contract management software. Click here to find out more.
August 1, 2017
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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Do you know how to balance risk in your enterprise? Learn about risk mitigation and download the Risk Compliance and the Bottom Line whitepaper below!
August 10, 2017
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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Managing supplier relationships, obligations & risks is a significant challenge for procurement organizations. Use the ICM Sourcing App for support!
July 19, 2017
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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To ensure compliance for today's enterprises, contract management software must offer capabilities in standardization, visibility, user adoption, enterprise-wide.
July 14, 2017
When you hear the word ‘contracts’, what do you think of? Closing deals? Generating revenue? Committing to obligations? Managing risk? Contracts are involved in nearly every aspect of operating a global business, and can nurture or degrade critical supplier relationships. Supplier relationships require clear communication and trust – but they ...
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Learn more about how your contract management system can be used as a supplier relationship building tool through Icertis. Read more!
July 7, 2017
Effectively managing contract renewals is essential for healthy supply chain performance. If a contract expires without notice, negative consequences may soon follow. Lapsed contracts can leave procurement teams scrambling to find new suppliers in order to meet customer demands. While timely contract renewals are critical for maintaining efficiency, organizations often ...
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Contract management software, like Icertis' ICM platform, can help your team overcome the challenges of tracking and reviewing contracts.
July 6, 2017
Contract compliance and management have become a critical focus for executives in organizations across the business spectrum. According to the PricewaterhouseCoopers State of Compliance Study 2016, 98% of responding executives said that senior leadership is committed to compliance and ethics, and 89% said that compliance monitoring is a primary area ...
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How does visibility affect contract compliance? Learn about Icertis' enterprise-wide contract solutions & download a whitepaper about contract compliance!
July 6, 2017
Managing the complexity of third-party contracts is an on-going challenge – especially for a global enterprise. Can your contract management system manage a third-party contract as well as the ones native to your organization? A recent study by PwC highlights the impact of not capturing the full value of third-party ...
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How well does your contract management system manage third-party contracts? The answers to the following ten questions are a good place to start.
June 28, 2017
Several teams within every large organization handle contracts. But they approach enterprise contract management and creation from different perspectives and with different priorities: Procurement is focused on supplier and supply chain performance, creating efficiencies and maximizing economies of scale where possible. The legal team seeks consistency of contract terms, formats, ...
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Icertis' Contract Management platform meets the needs of all the contract needs on your team, no matter the priority. Download a case study to learn more!
June 22, 2017
What’s it worth for your company to stay off the front page of the Wall Street Journal? We’re not talking about positive press here, but rather the negative press that comes with big supply chain disruptions and compliance lapses. The type of events that not only cost tens or hundreds ...
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What is your company's contract risk exposure? Your contract obligations may be risky. Use Icertis' contract management platform to identify and mitigate risks.
June 16, 2017
A report from The International Association for Contract and Commercial Management revealed a startling statistic: sell-side contracts consume more than 76% of contracting resources. For half of these contracts, the cycle time from bid to execution can take 21 weeks or longer. When a global organization devotes that many resources ...
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What should your contract management platform provide? Read the checklist and then take our Contract Management Risk Assessment today!
June 15, 2017
The Three Keys to Improving Buy-side Contracting Velocity For a global enterprise, negotiating a major new contract with a supplier can take months. The glacial speed of a manual contracting process can strain relationships and derail a supplier agreement and potentially sales. Many procurement organizations that Icertis has worked with ...
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Ease of use & increased visibility contribute to contract velocity. Take the assessment below to see if your company needs a contract management platform.
June 2, 2017
In a world where your pizza chain can tell you exactly where your pizza is and when it will arrive, why can't large companies keep track of their contracts, including critical obligations and renewals? Contract visibility, the ability for companies to instantly locate, retrieve, analyze and track contracts across the ...
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The Top 5 Contract Management Risks: Limited Visibility, Insufficient Velocity, Uncertain Compliance, Lack of Standardization, & Heightened Complexity.
May 15, 2017
Today we announced that Wipro has chosen the Icertis Contract Management (ICM) platform to accelerate the contract creation process and better manage risk. A key reason they selected Icertis was our ability to streamline back-to-back contracting. Back-to-back contracting involves linking the terms and obligations in your customer contracts with the ...
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Historically back-to-back contracting has been hard to manage, but the Icertis platform makes the process simple and protects the entire value chain.
April 28, 2017
Contracts with tech service providers fail to adequately address hacking and system recovery risks. The FDIC's Office of Inspector General released a report earlier this year that found major gaps in how financial institutions (FI) are addressing business continuity issues, including cybersecurity, in their contracts with technology service providers (TSPs). ...
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The FDIC report found gaps in how financial institutions are addressing business continuity issues in their contracts, leading to cybersecurity risks.
March 27, 2017
Is Your Contract Management System Helping You to Get Ready? According to the Chartered Institute of Procurement & Supply’s Risk Index, supply chain risk is near an all-time high. The index continued its worsening trend in Q4 according to the report’s analysts. Forces of deglobalisation are threatening supply chains in ...
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According to the Chartered Institute of Procurement & Supply’s Risk Index, supply chain risk is near an all-time high. The index continued its worsening trend in Q4.
February 16, 2017
Legacy vendors in the $36-billion-dollar* Enterprise Resource Planning (ERP) market are under pressure from agile, cloud-based providers like Icertis. We've seen an increasing number of customers ditching the built in functionality in their ERP suites to adopt solutions like ours. According to a December 2016 report by Gartner, "Market Opportunity ...
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Gartner recognized the Icertis Contract Management platform for its ability to easily integrate with enterprise applications. Read more about why Icertis was chosen!
January 20, 2017
There was $3.7 trillion in merger and acquisition activity in 2016 according to the Wall Street Journal – the third highest year in terms of deal value. Peter Weinberg, adviser on two of the largest transactions, remarked, "I haven’t seen a set of factors that’s been more bullish for M&A ...
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If you expect your firm may be involved in M&A activity this year, now is the time to gauge readiness, including your contract management system. Contact Icertis.
November 29, 2016
In today’s world we are increasingly accustomed to knowing "where things are" from both a physical and service standpoint. Ecommerce sites can tell you where your order is, when it leaves the warehouse and estimate when it will arrive at your house. You can find out where a flight is ...
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When discussing an enterprise-wide contract business management solution, a theme surfaced around the value in knowing the status of a contract at all times.
October 11, 2016
Yesterday, the 2016 Nobel Prize in Economics was awarded to two economists for their contributions in the field of "Contract Theory". Oliver Hart and Bengt Holmstrom are being recognized for creating frameworks to write contracts – improving both the design of contracts and shedding light on how contracts help us ...
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The 2016 Nobel Prize in Economics was awarded to Oliver Hart & Bengt Holmstrom, for their contributions in the field of 'Contract Theory'. Read the report here.
August 25, 2016
Britain's vote to leave the EU stunned the world and sent shockwaves through the global financial markets. While the initial shock has faded, it’s still unclear the impact Brexit will have on global commerce. The decision - the first of its kind - calls for Britain to renegotiate all new ...
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Brexit can affect the enterprise contracts during the final split, here is how you can ensure your contract management is well prepared. Read action items here.
August 11, 2016
In our last blog, we explored why in today’s data centric, fragmented and siloed business world, contracts are an enterprise’s “single source of truth”. Traditional data management systems make it difficult to aggregate data and gain meaningful insight from contracts, but by deploying a cloud-based Contract Life-cycle Management (CLM) solution ...
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Cloud based Contract Management solution, a single source of truth delivers benefits to both the buy & sell sides of an enterprise. Learn about the benefits now.
July 26, 2016
Contracts are the central nervous system of your enterprise, communicating a vast amount of information that defines the scope of your operations. The importance of contracts can't be overstated: in fact, more than 80% of a company's transactions are tied to contracts. In a perfect world, your contract portfolio provides ...
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Learn how to create a single source of truth by uniting every type of contract under one enterprise-wide platform. Take control. Learn more.
January 7, 2018
The most important part of managing contracts at Fortune 500 companies is not what you know about them—it's what you don't know that can cost you. The risk is real. Without an enterprise approach to contract lifecycle management, your organization runs the risk of taking a hit to the bottom ...
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Fortune 100 leaders often ask themselves how our contract management system helps them grow & how will it make a difference? Read some insights here!