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Home > Newsroom > News > PYMNTS.com – The B2B Contract Finds Its Strategic Role In Procure-To-Pay
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Apr 20, 2020

PYMNTS.com – The B2B Contract Finds Its Strategic Role In Procure-To-Pay

  • man in suit using ipad with shipping containers, airplane, and semi trucks in background

Within complex supply chains, a single company is typically both a buyer and a supplier, part of a broader web of strategic B2B relationships. With any new or changing relationship, contracts have to be written up and re-negotiated, a tedious process that can be costly, and yet ultimately, ineffective. That’s because when manual strategies are relied upon to negotiate and draw up B2B contractual agreements, the commitments each side make aren’t necessarily always enforced during the procure-to-pay process.

As a result, automation technology is looking to transform the role of the buyer-supplier contract, and according to Vivek Bharti, general manager of Product Management at Icertis, the industry is helping to shift the contract to the center of the procurement ecosystem. Read More

Icertis Remains a Leader in the Q1 2021 Forrester Wave

Icertis has again been recognized as a Leader in the Forrester Wave: Contract Lifecycle Management For All Contracts Q1 2021 report. This is the second consecutive Wave report to recognize Icertis as a Leader. Read the report and learn more about the impact of CLM and why Icertis has been named a Leader.

Download the 2021 Forrester Wave Report

2021-05-04T07:49:31-07:00
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