PYMNTS.com – The B2B Contract Finds Its Strategic Role In Procure-To-Pay
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
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Icertis Is a Leader in Gartner’s First Magic Quadrant for Contract Lifecycle Management
Icertis is proud to be named a Leader in the first ever Gartner Magic Quadrant for Contract Life Cycle Management (CLM) based on its Completeness of Vision and Ability to Execute. Gartner evaluated 12 vendors on 15 criteria and positioned Icertis furthest right for its completeness of vision.
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