Why a More Diverse, Equitable Supply Chain Starts with Contracts

2020-09-10T11:42:31-07:00

September 10, 2020

Supplier diversity is an old concept that is receiving renewed attention these days. Supplier diversity programs encourage companies to source goods and services from historically underutilized businesses, including those owned by minorities, women, and disabled veterans. The economic disruption caused by COVID-19 and the civil protests in response to the ...
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Why a More Diverse, Equitable Supply Chain Starts with Contracts - Icertis

Contract lifecycle management (CLM) technology can play a critical role in addressing racial injustice through supplier diversity.

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Why a More Diverse, Equitable Supply Chain Starts with Contracts2020-09-10T11:42:31-07:00

The Path Forward: The Role of Contracts in Responding to Crisis

2020-04-17T17:22:08-07:00

April 16, 2020

While the onset of the COVID-19 pandemic took the entire business world by surprise, it has also brought to surface the value of properly managing the most important assets of your business. In response to the crisis, companies must prepare themselves not just to be more resilient and robust internally ...
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The Path Forward: The Role of Contracts in Responding to Crisis

As they plan for the new realities of a post-COVID world, companies must account for the obligations and commitments enshrined in signed contracts.

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The Path Forward: The Role of Contracts in Responding to Crisis2020-04-17T17:22:08-07:00

What the Coronavirus Outbreak Teaches Us About Supply Chain Risk and Enterprise Contract Management

2020-03-16T12:14:21-07:00

March 5, 2020

As the novel coronavirus (COVID-19) continues to spread across the world, first and foremost on everyone’s mind is the wellbeing of those personally affected by the outbreak. But as the disease disrupts markets and supply chains, companies must also pay close attention to how the outbreak will impact their business. ...
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What the Coronavirus Outbreak Teaches Us About Supply Chain Risk

Contracts are the single source of truth for who a company is doing business with, including who it is sourcing from and on what terms.

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What the Coronavirus Outbreak Teaches Us About Supply Chain Risk and Enterprise Contract Management2020-03-16T12:14:21-07:00

Without Best-in-Class Contract Management Software, Sourcing Organizations Are Leaving Money on the Table

2020-02-26T14:15:51-08:00

February 13, 2020

Imagine this: A Fortune 100 company deploys an enterprise contract management system across its buy-side operations. With all its contracts in a single system, the company identifies the suppliers it has multiple contracts with and rationalizes those agreements to make sure it’s getting the best price on every item. When ...
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Without Contract Management Software, Sourcing Organizations Are Leaving Money on the Table

In a new survey, the vast majority of CPOs surveyed see material savings to be had through better supplier contract management.

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Without Best-in-Class Contract Management Software, Sourcing Organizations Are Leaving Money on the Table2020-02-26T14:15:51-08:00

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

Think a Source-to-Settle Suite Can Meet Your Contracting Needs? Think Again

2020-02-11T12:59:33-08:00

February 5, 2020

According to researchers at the British Library, the written word dates back to the fourth millennium B.C.E., when contracts between buyers and sellers became too complex to recall simply by memory. That contracts gave rise to writing itself speaks to how central these documents are to commerce: they define the value, the risks ...
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Think an S2S Suite Can Meet Your Contracting Needs? Think Again

Few suite vendors started in supplier management or contract life cycle management and, in these areas, functionality is often very limited.

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Think a Source-to-Settle Suite Can Meet Your Contracting Needs? Think Again2020-02-11T12:59:33-08:00

What Agile Development Techniques Can Teach Us About Building Better Contracts

2020-02-12T12:54:43-08:00

January 15, 2020

When designing a new widget, experienced product managers know that they can’t slap a quality control process at the end of the design process and expect a good output. Rather, QC must be designed into every step of the design process, with inputs from stakeholders along the way. Process quality ...
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Using Agile Development Techniques to Build Better Contracts

For better outcomes, bring contracts to the center of business to allow early and frequent feedback throughout the sourcing process.

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What Agile Development Techniques Can Teach Us About Building Better Contracts2020-02-12T12:54:43-08:00

When Should Contract Managers Get Involved in Sourcing? The Earlier the Better

2019-12-13T15:22:47-08:00

December 4, 2019

I was reviewing my notes from the Association of Corporate Counsel (ACC) Annual Meeting and the International Association of Commercial and Contract Managers (IACCM) Americas Conference, both held in recent weeks. Coincidentally, and not surprisingly, a similar theme jumped out from both conferences: an undercurrent of frustration by commercial attorneys ...
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When Should Contract Managers Get Involved in Sourcing? The Earlier the Better

Bringing contract managers into deals late in the process continues to be a source of frustration. But a new survey shows things are looking up.

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When Should Contract Managers Get Involved in Sourcing? The Earlier the Better2019-12-13T15:22:47-08:00

5 Big Advantages of Contract-centric Sourcing

2019-12-03T09:59:03-08:00

December 3, 2019

Contract-centric sourcing is an emerging paradigm in which companies use contract management software with robust sourcing capabilities to drive efficiencies, compliance and savings in the buying process. The Icertis Contract Management (ICM) platform enables contract-centric sourcing through its sophisticated Sourcing application, from which buyers and sellers can easily submit bids ...
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5 Big Advantages of Putting Contracts at the Center of Sourcing

Sourcing, at its core, is a contract-centric process. Icertis’ best-in-class contract management software helps sourcing organizations leverage the power of the contract.

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5 Big Advantages of Contract-centric Sourcing2019-12-03T09:59:03-08:00

New Survey Finds Procurement Is Getting More Strategic with Contracting

2019-12-18T13:06:32-08:00

October 8, 2019

As the global economy adapts to a period of long-term uncertainty, procurement teams are being tasked with diversifying the supplier base of the organization in order to maintain business continuity and avoid risks, all while delivering quality outcomes. Challenges on the global stage include tariffs, uncertainty surrounding Brexit and the ...
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Procurement Organizations Are Getting More Strategic with Sourcing

Through a new paradigm we call "contract-centric sourcing," companies can accelerate the source-to-contract process.

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New Survey Finds Procurement Is Getting More Strategic with Contracting2019-12-18T13:06:32-08:00
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