Survey Shows Pharma Companies Are Losing Time and Effort to Inefficient Contract Management

2020-02-26T15:15:23-08:00

February 11, 2020

Recently, Icertis teamed up with WBR Insights to survey 100 pharmaceutical leaders across the EU about how their companies are progressing on their digital transformation journeys.  As we've found in similar surveys in the past, contracts have emerged as a major pain point in these companies’ efforts to streamline operations. ...
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Survey: Inefficient Contract Management Is Costing Pharma Companies

A majority of respondents in the survey say that contract disputes either delay or disrupt sourcing deals all or most of the time.

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Survey Shows Pharma Companies Are Losing Time and Effort to Inefficient Contract Management2020-02-26T15:15:23-08:00

Enterprise Contract Management: At the Intersection of Trust, Compliance and Tech

2020-01-21T14:19:11-08:00

January 21, 2020

Looking back over my notes from 2019, some of the most interesting conversations I had with fellow legal minds was the growing momentum around Environmental, Social and Governance (ESG) commitments in the world of business. 2019 was a big year for ESG, highlighted by the Business Roundtable memo that called ...
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Enterprise Contract Management: At the Intersection of Trust, Compliance and Tech

Contract visibility breeds compliance. Compliance breeds trust. Trust breeds better business.

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Enterprise Contract Management: At the Intersection of Trust, Compliance and Tech2020-01-21T14:19:11-08:00

Enterprise Obligation Management Is Key to Driving Trust and Results

2019-12-13T11:45:03-08:00

December 13, 2019

Contracts establish a working model for a business to reach a future desired state: They define the rules of business and how outcomes will be achieved. Yet until parties fulfill their contractual commitments, those outcomes are not ensured. As such, tracking the obligations enshrined in contracts is critical to an ...
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Enterprise Obligation Management Is Key to Driving Trust and Results

Obligation non-compliance hurts performance and exposes businesses to substantial risks. Yet tracking obligations is easier said than done.

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Enterprise Obligation Management Is Key to Driving Trust and Results2019-12-13T11:45:03-08:00

Brexit Will Have a Massive Impact on Contracts. Is Your Company Ready?

2019-10-15T14:51:36-07:00

October 15, 2019

Last week, Icertis released new research that suggests Global 2000 companies doing business in the European Union can expect to have 1 in 10 contracts impacted by Brexit. Given that the average Global 2000 company has tens of thousands of active contracts, the findings mean thousands of contracts at each ...
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Why Brexit Is a Clarion Call for Enterprise Contract Management

10% of contracts active in Europe could be impacted by Brexit. Companies that have digitized their commercial foundation are ready.

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Brexit Will Have a Massive Impact on Contracts. Is Your Company Ready?2019-10-15T14:51:36-07:00

AERO: A Maturity Model for Managing Obligations in the Enterprise

2019-12-04T10:00:47-08:00

September 19, 2019

Managing the obligations enshrined in contracts is central to controlling risk in an organization. Obligations are legally binding commitments made by one party to another, and missing these commitments can lead to adverse financial and regulatory consequences, revenue leakage and damaged business relationships. Capabilities to discover, track and manage contractual ...
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A Maturity Model for Managing Obligations in the Enterprise - Icertis Blog

With this model, enterprises can begin to think about how they can mature as an organization, and thus drive down risk and improve contract performance and relationships.

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AERO: A Maturity Model for Managing Obligations in the Enterprise2019-12-04T10:00:47-08:00

Down to the Wire: Last Minute Brexit Uncertainty a Reminder of the Value of Enterprise Contract Management Software

2019-06-04T20:18:45-07:00

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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Down to the Wire: Last Minute Brexit Uncertainty a Reminder of the Value of Enterprise Contract Management Software

One thing is clear: Companies that have invested in and deployed an enterprise contract management system will be in a much better position to manage Brexit regardless of its final form. 

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Down to the Wire: Last Minute Brexit Uncertainty a Reminder of the Value of Enterprise Contract Management Software2019-06-04T20:18:45-07:00

Enterprise Contract Management and the ‘Business of Trust’

2019-06-18T21:25:53-07:00

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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Enterprise Contract Management and the Business of Trust

With something as critical contracts, companies need to know they can trust their contract management solution provider.

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Enterprise Contract Management and the ‘Business of Trust’2019-06-18T21:25:53-07:00

Unsure Where to Start with Digital Transformation? Try the Foundation

2019-09-27T16:14:37-07:00

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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Unsure Where to Start with Digital Transformation? Try the Foundation

Contract management is like a building: When constructing a magnificent structure, the first step is putting a foundation in place.

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Unsure Where to Start with Digital Transformation? Try the Foundation2019-09-27T16:14:37-07:00

Are Missed Contract Obligations Costing Your Company a Fortune?

2019-06-04T20:22:39-07:00

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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The Cost of Missed Contract Obligations - Icertis

Without a system to properly track contract obligations at scale, large businesses run the risk of damaged customer relationships & poor commercial performance.

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Are Missed Contract Obligations Costing Your Company a Fortune?2019-06-04T20:22:39-07:00

One Overlooked Obligation Cost His Company Millions. And It Could Have Been Avoided.

2019-06-04T20:27:17-07:00

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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Protect Yourself From Missed Contract Obligations - Icertis

Learn how contract management systems are used to protect companies from financial and reputational damage from contract obligations.

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One Overlooked Obligation Cost His Company Millions. And It Could Have Been Avoided.2019-06-04T20:27:17-07:00

Reducing Supply Chain Risk with Better Contract Management

2019-06-04T20:28:31-07:00

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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Better Contract Management can Reduce Supply Chain Risk - Icertis

Let Icertis help you reduce your supply chain risk with better contract management. Contact us to learn about what we can do for you!

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Reducing Supply Chain Risk with Better Contract Management2019-06-04T20:28:31-07:00

Gain Unprecedented Control of Supply Chains with Blockchain, AI and Enterprise Contract Management

2019-06-04T20:35:33-07:00

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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Gain Unprecedented Control of Supply Chains with Blockchain, AI and Enterprise Contract Management

The Icertis Contract Management platform can help your team increase sales velocity through improved workflow visibility, CRM integration and other provisions.

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Gain Unprecedented Control of Supply Chains with Blockchain, AI and Enterprise Contract Management2019-06-04T20:35:33-07:00

2017 Was the Most Active Year Ever for FCPA Investigations

2019-06-04T20:38:58-07:00

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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2017: A Big Year For FCPA Investigations

Insight into contracts can help prevent Foreign Corrupt Practices Act missteps. To learn how Icertis can help your enterprise control risk, contact us today!

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2017 Was the Most Active Year Ever for FCPA Investigations2019-06-04T20:38:58-07:00

Are Your Contracts GDPR Compliant?

2019-06-04T20:40:07-07:00

February 15, 2018

Enforcement of the European Union’s sweeping privacy law, the General Data Protection Regulation (GDPR) begins May 25. Unfortunately, many companies remain unprepared. Gartner estimates that 50 percent of companies affected by GDPR will not be in full compliance with its requirements on the date of implementation. Organizations need to move quickly ...
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GDPR Compliant Contracts - Icertis Contract Management

Many businesses are not prepared for GDPR, the EU's sweeping data privacy law. Icertis offers contract management that can help you be in compliance.

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Are Your Contracts GDPR Compliant?2019-06-04T20:40:07-07:00

Why the Banking Industry Needs Enterprise Contract Management Software

2019-06-04T20:40:32-07:00

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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Future Contract Management: Blockchain & Smart Contracts

Read about coming changes like blockchain tech & smart contracts for contract management in 2018. The ICM platform equips businesses to keep up with innovations.

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Why the Banking Industry Needs Enterprise Contract Management Software2019-06-04T20:40:32-07:00

Four Compliance Questions Every Bank Should Ask About Its Contracts

2019-06-04T20:43:20-07:00

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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4 Compliance Questions Every Bank Should Ask About Its Contracts

If banks aren't asking these compliance questions, they may be overlooking risks lurking in their contracts. Read these & then complete a demo today!

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Four Compliance Questions Every Bank Should Ask About Its Contracts2019-06-04T20:43:20-07:00

New Revenue Recognition Rules Are Turning Contracts into Critical Business Assets

2019-06-04T20:46:06-07:00

August 15, 2017

A recent survey from EY revealed that many companies are facing difficulties with their ASC 606/IFRS 15 compliance programs. According to the report, 71% of CFOs say their revenue recognition programs are not yet complete and 45% are having difficulties implementing or upgrading to a new system and may miss ...
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New Revenue Rules Make Contracts Critical Business Assets

New ASC 606/IFRS 15 rules makes driving compliance with contract lifecycle management even more critical. Choose Icertis for effective contract management.

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New Revenue Recognition Rules Are Turning Contracts into Critical Business Assets2019-06-04T20:46:06-07:00

Solving Back-to-Back Contracting and Agreement Relationship Challenges

2019-06-04T20:51:14-07:00

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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Icertis Helps Streamline Back-To-Back Contracting

Historically back-to-back contracting has been hard to manage, but the Icertis platform makes the process simple and protects the entire value chain.

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Solving Back-to-Back Contracting and Agreement Relationship Challenges2019-06-04T20:51:14-07:00

New FDIC report finds cybersecurity risks in bank contracts

2019-08-20T13:09:22-07:00

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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FDIC Report Finds Cybersecurity Risks in Bank Contracts

The FDIC report found gaps in how financial institutions are addressing business continuity issues in their contracts, leading to cybersecurity risks.

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New FDIC report finds cybersecurity risks in bank contracts2019-08-20T13:09:22-07:00

Supply Chain Risk Near All-Time High

2019-06-04T20:51:26-07:00

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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Supply Chain Operations Risk Near All-Time High - Icertis

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.

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Supply Chain Risk Near All-Time High2019-06-04T20:51:26-07:00

New Revenue Recognition Rules – How ready are you?

2019-06-04T20:54:18-07:00

September 13, 2016

In May 2014, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) released new guidelines for recognizing revenue in contracts with customers. It signifies the biggest accounting standard change in the last decade and will be effective for annual reporting periods beginning on or after December ...
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Changes In FASB Revenue Recognition Rules - Are you Ready?

The new guidelines for recognizing revenue make now a great time to invest in a contract lifecycle management platform like ICM to tighten contract processes.

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New Revenue Recognition Rules – How ready are you?2019-06-04T20:54:18-07:00

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