Contract Management
You may be ready to enter baseball playoff season or gearing up for the new fall lineup of television shows, but in the supply management world, we’re entering the “everything you wanted to know about contract management and more” week.
Tim Cummins, president and CEO of IACCM and author of the recent report, “Contract Management Software: [...]
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(caused by NAFTA), was just supplemented by a new acquisition close to the border in Austin, TX. (I know, the money isn’t going to Mexico, but it was the best I could come up with). Last week, while all the noise about Procuri was at full throttle, Nextance went out and made one [...]
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With all of the news and posturing about the Ariba / Procuri deal this week, it would be easy to overlook another acquisition in the sector. And this deal, of course, was Versata’s acquisition of Nextance, a contract management vendor perhaps as well…
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Last week, I previewed some key findings from the International Association of Contract and Commercial Management’s (IACCM) landmark study into the contract management approaches, preferences, and performance of more than 400 enterprises from around the globe.
Today, I’m excited to report that I will have the honor of moderating an upcoming webinar series in which featured [...]
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Contract Management, which can be defined as the execution and monitoring of a contract for the purpose of maximizing financial and operational performance and minimizing risks, involves tracking purchases against contracts to insure preferred suppliers are used, rates adhered to, and discounts and rebates collected. Contract Management is important, because, as mundane as it [...]
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In a new study of contract management practices and performance of more than 400 organizations, the International Association of Contract and Commercial Management (IACCM) uncovers an oft-overlooked issue that few enterprises will want to hear: your company may be its own worst enemy when it comes to contract management efficiency and effectiveness.
In the Contract Management [...]
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Hidden between the The 100 Greatest Supply Tips of All Time! contest entries last week was a post on a new investigation into how globalization is affecting supply and contract management approaches and performance. Run by Supply and Demand Chain Executive, the study aims to better understand the key challenges global expansion and competition are [...]
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In our last post, we tackled the subject of Enterprise Contract (Lifecycle) Management. In this post, we are going to discuss Nextance - one of the more innovative players in the contract management space and one of the few players trying to tackle the breadth and depth of Enterprise Contract Management. With the [...]
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Contract Management (CM), sometimes known as Contract Lifecycle Management (CLM), can be simply defined as the management of contracts made with customers, vendors, or employees. (Wikipedia) From procurement’s perspective, contract management is the process of tracking contracts to determine who you should be ordering from, when, and at what price; and ensuring [...]
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I went through the Aberdeen research library last week and found an older study on Contract Management in the Mid-Market which had some interesting findings. At the high level, Aberdeen states:
Mid-sized companies tend to lag in terms of technology adoption; with regards to contract management this is certainly the case. Aberdeen research found that [...]
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