May 13, 2019
Procurement is a complex part of global business that carries serious commercial and regulatory risk. These risks are especially pronounced when a company does not have an effective way to centrally manage its contracts. In a recent survey conducted by ProcureCon, leading procurement officials were asked about contract-related challenges they’ve ...
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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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February 25, 2019
For enterprises with complex, global supply chains, the risk associated with sourcing materials from unethical suppliers has never been higher. The risk may come in the form of a hefty fine against a company for the misdeeds of a contractor who misuses customer data. Or it could come in the ...
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Mercedes-Benz Cars will use a consortium blockchain, the Icertis Blockchain Framework, to verify that suppliers all the way down the supply chain have included required sustainability and ethics clauses in their contracts.
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.”
November 1, 2018
Airbus and Daimler are both global enterprises that manufacture iconic products—with massive portfolios of global suppliers to match. They are also both completely rethinking how they manage their relationships with these suppliers by putting contracts at the center of the sourcing process. Last week, Airbus announced that it has chosen ...
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Airbus & Daimler are Icertis users who use contract-centric sourcing to optimize vendor relationships, accelerate negotiations, and increase compliance.
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 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.
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.
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!
May 7, 2018
Spend Matters, a global content community dedicated to examining procurement and supply chain issues, has named Icertis as a 2018 Provider to Know—one of just 50 solution providers to earn the honor. The Spend Matters 50 Providers to Know/Watch lists recognize both the best-in-class providers and exciting innovators in the ...
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Spend Matters’ recognition of Icertis underscores the increased focus procurement organizations are putting on contract management. Learn more here!
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.
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!
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!
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.