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

New Report Shows Embrace of Contract-Centric Sourcing, Investment in Contract Management Software

2019-09-16T12:54:41-07:00

September 16, 2019

Contract management is an increasingly important part of procurement. As the global pace of business accelerates and becomes ever more competitive, effective contract management will continue to increase in importance. In a recent survey of procurement leaders, WBR Insights revealed that a growing number of organizations view enterprise contract management ...
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New Report Shows Embrace of Contract-Centric Sourcing, Investment in Contract Management Software

WBR Insights reveals that a growing number of organizations view enterprise contract management software—and the improved contract lifecycle management that it unlocks—as an essential part of their procurement futures.

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New Report Shows Embrace of Contract-Centric Sourcing, Investment in Contract Management Software2019-09-16T12:54:41-07:00

Contract Management Software Can Mean the Difference Between Red and Black Ink on the P&L

2019-09-13T14:32:02-07:00

September 13, 2019

The complexity of today’s global market means there are more risks inherent in running a business.  Between a shifting regulatory landscape and cyber breaches, many companies are focused on risks external to the company. There is, however, a significant hidden risk, and opportunity for revenue gain, that lies internally within a ...
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Contract Management Software Can Make the Difference Between Red and Black Ink on the P&L

For every facet of a business that excels, poor contract management can sabotage that success.

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Contract Management Software Can Mean the Difference Between Red and Black Ink on the P&L2019-09-13T14:32:02-07:00

Five Big Procurement Challenges Addressed by Enterprise Contract Management Software

2019-11-15T02:41:25-08:00

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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Five Big Procurement Challenges Addressed by Enterprise Contract Management Software

Enterprise contract management software treats contracts as live documents enshrining all risks and obligations incumbent upon an organization rather than as reference documents.

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Five Big Procurement Challenges Addressed by Enterprise Contract Management Software2019-11-15T02:41:25-08:00

Why It’s Time to Ditch Email for Contract Collaboration

2019-06-04T20:17:51-07:00

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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Why It’s Time to Ditch Email for Contract Collaboration

Email can create friction during negotiations and even raises the possibility of the wrong version of a contract getting signed.

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Why It’s Time to Ditch Email for Contract Collaboration2019-06-04T20:17:51-07:00

Icertis Partners with Mercedes-Benz Cars to Create a More Ethical, Sustainable Supply Chain

2019-06-04T20:19:24-07:00

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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Icertis Partners with Mercedes-Benz Cars to Create a More Ethical, Sustainable Supply Chain

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.

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Icertis Partners with Mercedes-Benz Cars to Create a More Ethical, Sustainable Supply Chain2019-06-04T20:19:24-07:00

Companies Should Take Enterprise-wide Approach to Contract Management: Gartner

2019-06-04T20:21:54-07:00

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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Companies Should Take Enterprise-wide Approach to Contract Management: Gartner

“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.”

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Companies Should Take Enterprise-wide Approach to Contract Management: Gartner2019-06-04T20:21:54-07:00

How Airbus and Daimler Are Transforming Sourcing with Contract Management Software

2019-06-04T20:22:55-07:00

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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Contract-Centric Sourcing With Icertis - Airbus & Daimler

Airbus & Daimler are Icertis users who use contract-centric sourcing to optimize vendor relationships, accelerate negotiations, and increase compliance.

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How Airbus and Daimler Are Transforming Sourcing with Contract Management Software2019-06-04T20:22:55-07:00

The Future of Procurement: Contract Management and AI

2019-06-28T19:42:29-07:00

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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Supply Chain Futures Involve Contract Management & AI

According to the 2018 ProcureCon report, the future of procurement will center on innovative contract management and use of Artificial Intelligence.

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The Future of Procurement: Contract Management and AI2019-06-28T19:42:29-07:00

Why Contracts Are Key to Executing Your Sourcing Category Strategy

2019-06-04T20:23:36-07:00

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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Why Contracts Are Key to Executing Your Sourcing Category Strategy

To improve compliance with category strategies, leading enterprises are putting contracts at the center of the process. Learn more about category management.

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Why Contracts Are Key to Executing Your Sourcing Category Strategy2019-06-04T20:23:36-07:00

Bringing Contracts to the Center of Sourcing: A Paradigm Shift for Procurement Professionals

2019-06-04T20:27:30-07:00

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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Procurement: Bringing Contracts to the Center of Sourcing

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.

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Bringing Contracts to the Center of Sourcing: A Paradigm Shift for Procurement Professionals2019-06-04T20:27:30-07:00

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

Spend Matters Names Icertis a Key ‘Provider to Know,’ Showing Importance of Contract Management for Procurement

2019-04-08T14:37:06-07:00

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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Ket Provider to Know in Contract Management - Icertis

Spend Matters’ recognition of Icertis underscores the increased focus procurement organizations are putting on contract management. Learn more here!

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Spend Matters Names Icertis a Key ‘Provider to Know,’ Showing Importance of Contract Management for Procurement2019-04-08T14:37:06-07:00

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

Sourcing Organizations Are Gaining Strategic Advantage With Enterprise Contract Management Software

2019-06-04T20:39:37-07:00

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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Contract Management Software - Sourcing Advantage - Icertis

A strategic advantage can benefit any company, learn how contract management software can give sourcing organizations that advantage here!

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Sourcing Organizations Are Gaining Strategic Advantage With Enterprise Contract Management Software2019-06-04T20:39:37-07:00

Your Contract Management Software Is Really a Supplier Relationship Building Tool

2019-06-04T20:48:16-07:00

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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Supplier Relationship Building with Icertis - Icertis

Learn more about how your contract management system can be used as a supplier relationship building tool through Icertis. Read more!

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Your Contract Management Software Is Really a Supplier Relationship Building Tool2019-06-04T20:48:16-07:00

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

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